How Global Issues Affect India’s Edible Oil Imports
India is among the highest consumers and importers of edible oil in the world. The demand for cooking oils is tremendous in a country that has more than 1.4 billion people. Additionally, India has an astounding wieer of agricultural production, but for some reason, their domestic consumption exceeds production by a large margin, thus importing these edible oils. Consequently, oil market in India is intricately influenced by global supply chain issues such as geopolitical tussles, climate changes and policies regarding international trade. These are the factors that this article looks into that further explain India’s need for imports. Disruptions to Global Supply Chains The supply chain on a global level is essential when it comes to the abundance of edible oil in India, furthermore, more than 60 percent of aid comes from outside the country. The notable suppliers are Indiana, Brazil, United States and Argentina. If these suppliers get disrupted because of the pandemic, or other reason...