Posts

Showing posts from September, 2022

IMPORTANCE OF OILSEED EXPORT IN ECONOMY

Image
Oilseeds occupy a key position next to foodgrains in the agricultural economy of India. India is one of the largest exporters of oilseed products. India is among the largest producer of oilseeds in the world. Exports are the top priority of any country to earn foreign exchange. India exports soybeans, mustard seeds, peanuts, sesame seeds, niger seeds, cottonseeds, castor beans, and sunflower seeds. The oilseed sector holds an important place in the country's economy. Oil seeds have greater importance in our day-to-day life as edible oil is extracted from oil seeds. The oil industry employs more than 10 million people. Linseed oil and other vegetable oils are used in the manufacture of paints, varnishes, and lubricants. Oilseed production in India has been growing over the past few years. India's largest oilseed-producing states are Andhra Pradesh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh, and West Bengal. Oilseeds from India