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‘Need to bridge gap between demand and supply of palm oil’

At the 79th Annual Convention of OTAI, CSIR-IICT Director D. Srinivasa Reddy highlighted India’s edible oil demand-supply gap, emphasizing palm oil’s role in reducing imports. OTAI President Rajiv Churi addressed myths around palm oil, while Bhavna Shah from IVPA discussed industry challenges. Former ICMR Director Sesikeran criticized negative marketing by oil firms. Awards were also presented.

CSIR-Indian Institute of Chemical Technology (CSIR-IICT) D. Srinivasa Reddy, on Friday, has highlighted the gap between the demand and supply of edible oils in the country and stressed the importance of addressing this issue. He was speaking at the two-day 79th Annual Convention of the Oil Technologists’ Association of India (OTAI) and the National Conference on ‘Oil Palm: Recent Trends in Production, Processing, and Applications in the Food and Non-Food Sectors’ being held at the institute. The director expressed hope that the conference would facilitate discussions on palm oil, address the myths surrounding it, and explore ways to reduce the nation’s dependence on oil imports.

OTAI national president Rajiv Churi was concerned over the prevalence of unscientific claims on palm oil and hoped the conference would serve as a platform to address these issues. OTAI-south zone secretary and convenor Sanjit Kanjilal said the conference’s goal is to bridge the gap between supply and demand and improving the perception of palm oil. Indian Vegetable Oil Producers Association (IVPA) vice president Bhavna Shah discussed the key drivers shaping the oil industry and the challenges. Former National Institute of Nutrition (ICMR) director Sesikeran discussed the harmful effects of negative marketing practices by some cooking oil companies. The opening session was followed by the presentation of the OTAI Annual Merit Awards, said a press release.

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Source : The Hindu

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