A G Fats Ltd is a manufacturers of Ricebran, Sunflower seed & all type of oil cakes, The company has a oilseed crushing capacity of 80 tpd and a refinery capacity of 270 tpd<
The per capita consumption of Edible Oil in India is around 15 kgs which is lowest when compared to China 24 kgs, Brazil 18 kgs and USA 48 kgs. In terms of volumes, palm oil, soyabean oil and mustard oil are the three largest consumed edible oils in India, with respective shares of 46%, 16% and 14% in total oil consumption.
In India, Edible Oil industry is dependent on vagaries of monsoon as like other agriculture products. There are 14 million farmers are involved in edible oil crops. India, in order to cater to rising demand, India imports refined edible oil or crude stock to meet the demand-supply gap.
Further Edible oil is placed in OGL with zero duty, and lack of good quality feedstock locally makes India the largest importer of edible oil.
The demand for edible oils
Cabinet Committee on Economic Affairs has removed restrictions on export of all varieties of edible oils, except mustard oil. The export of mustard oil will be allowed only in consumer packs upto 5kg and with a minimum export price of $900 per tonne. The move is expected to benefit the farmers by way of better realisation for oilseeds and also results in better capacity utilization of edible oil refineries.