Oilseeds crops are the second most important determinant of agricultural economy, next only to cereals. Today, the demand for vegetable oils is out pacing the supply with more than half of its annual requirements being met mainly through imports. India has the 5th largest vegetable oil economy in the world next to USA, China, Brazil and Argentina accounting for 7.4% world oilseed output; 6.1 % of oil meal production; 3.9% world oil meal export; 5.8% vegetable oil production; 11.2% of world oil import and 9.3% of the world edible oil consumption. In India, oilseeds contribute 3% and 10% to gross national products and value of all agricultural products, respectively, with 14 and 15 million people involved in oilseed cultivation and processing, respectively. India is one of the biggest importers of vegetable oils. There is a spurt in the vegetable oil consumption in recent years, both for edible purposes as well as for industrial uses. This is further likely to go up in coming yearswith the change in consumption patterns as well as in rising living standards.
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