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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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Turning surplus into success: How rejuvenated oil palm seedlings can accelerate India’s edible oil mission
By Nasim Ali · 2026-06-13 · via Economy News, Latest Economic News Today | The HinduBusinessLine

India’s edible oil import bill continues to exert significant pressure on foreign exchange reserves, making rapid expansion of domestic oil palm cultivation a national priority under the National Mission on Edible Oils–Oil Palm (NMEO-OP).

Over-grown (3 years old) oil palm seedlings retained beyond the recommended nursery period

Over-grown (3 years old) oil palm seedlings retained beyond the recommended nursery period

Normally, oil palm seedlings remain in nurseries for 12-14 months before field planting, but agricultural expansion does not always follow projections. The result leads to an unexpected accumulation of nursery surplus stock sometimes, and a significant portion of this planting material becomes more than three to four years old, reaching heights of 12–14 feet, far exceeding the recommended planting stage & farmers hesitate to accept such quality seedlings for planting.

Clipped for revival, appearing dormant but biologically alive

Clipped for revival, appearing dormant but biologically alive

Scientific clipping and pruning of foliage to reduce transpiration stress, apply technology and intensive agronomic care, including irrigation, nutrient management, and plant health monitoring. Scientific rejuvenation offers an innovative solution capable of transforming a potential loss into a strategic advantage for companies, farmers and the nation.

Rejuvenated advance planting material ready for planting on field.

Rejuvenated advance planting material ready for planting on field.

Fresh green leaves emerge, and the seedlings gradually regain vigour. Over the next few months, they develop into robust, rejuvenated plants ready for field planting.

Conclusion

India’s edible oil self-reliance mission requires rapid expansion of oil palm cultivation effectively. A significant stock of overgrown seedlings has accumulated in nurseries due to slower-than-anticipated plantation expansion. While these seedlings are often considered unsuitable for distribution, scientific rejuvenation offers a practical solution. The rejuvenation process includes clipping, pruning, intensive irrigation, nutrient management and quality monitoring. Following recovery, these biologically mature seedlings can become valuable, advanced planting material. The approach helps companies save substantial time compared with establishing new nurseries and waiting for fresh seedlings to mature. For newly entering companies, rejuvenated planting material can shorten plantation development by up to 18–20 months. Faster plantation establishment benefits farmers, companies and the nation by accelerating future palm oil production and reducing dependence on imported edible oils. Through scientific intervention, surplus nursery stock can be transformed from a depreciating asset into a productive plantation resource—turning a nursery burden into a plantation opportunity.

The author is former CEO – Oil Palm Plantation, Godrej Agrovet Ltd., Consultant – Palm Oil Production & Plantation Development, Kolkata, West Bengal, India. Views expressed are personal.

Published on June 13, 2026