Why oil palm

Unveiling the Benefits of Oil Palm

Oil Palm plays a vital role in driving socioeconomic growth and providing sustenance to the ever-expanding population of the world. As we peer into the future, Oil Palm emerges as India's beacon of hope, promising prosperity to our farmers. With People, Profit, and the Planet in mind, 3F Oil Palm passionately undertakes a mission that empowers India and its resilient farmers to unlock the vast potential of Oil Palm.
India's advantageous climate being within 20 degrees of the equator and experiencing adequate rainfall, rich soil and progressive farmers- positions it with an extraordinary capacity to dominate the realm of Oil Palm cultivation and establish self-sufficiency in edible oil

Employment & Livelihood

Oil Palm farming is crucial for millions of farmers in palm-producing regions, providing steady employment and income to alleviate poverty. Countries like Malaysia and Indonesia have seen economic transformation and improved living conditions due to the Oil Palm sector.
In India, cultivating Oil Palm offers a solution to the challenges faced by farmers, making it an attractive opportunity for Indian farmers to improve their incomes. Here’s how it helps farmers flourish
Long-Term Yield Consistency:
Unlike seasonal crops demanding repeated sowing, Oil Palm is a single-sowing crop, providing consistent yields for 25 years, thereby reducing labour burden and improving revenue visibility.
Year-Round Stability & Guaranteed Buyback:
Unlike other crops, Oil Palm offers stability due to year-round harvesting and mandated company buybacks at transparent, formula-driven prices. This provides a solution to uncertainties derived from dynamic market conditions.
Direct & Timely Payments:
Credit access is a hurdle for farmers, often experiencing delayed payments via intermediaries. In Oil Palm, government policy mandates companies to make direct, fortnightly payments to farmers, eliminating delays and middlemen.

Higher Annual Earnings:
Oil Palm cultivation is designed to offer a robust income pattern, with the potential to double the annual profit of farmers when contrasted with other cash crops, characterised by their sporadic and limited cash flow.
Adaptable Growth & Risk Mitigation:
Thriving in tropical climates and varied agroecosystems, Oil Palm can withstand pests and natural calamities. Its compatibility with intercropping enhances farmer income through crop diversification, offering an incomparable agricultural advantage.

Economic Progress

India’s import of Palm Oil has increased over 20 times in the past 25 years
India's demand for edible oils is undeniable, with a staggering 67% sourced internationally. Palm Oil stands as the titan, accounting for a dominant 61% of our total edible oil imports. In fact, a whopping 96% of our Palm Oil requirement is imported.

By promoting domestic Palm Oil production, India can cut imports, save forex, and meet rising demand. This initiative is pivotal for driving agricultural growth, securing our food supply, and strengthening the economy.

Notably, with per capita edible oil consumption at just 19.4 kg—significantly below the global average—the urgency for boosting local production cannot be overstated.
By cultivating a mere 100,000 hectares of Oil Palm, we can save Rs 5000 Crores annually and accumulate savings of Rs 125,000 Crores over the crop's lifespan.

Versatility

Renowned for its versatility, Palm Oil is not just a staple in our kitchen as a cooking oil but is also used in over 50% of the consumer goods we use daily. As the processed food sector discovered the amazing capabilities of Palm Oil, its use expanded into various markets–from food items and cosmetic products to transportation fuel. Furthermore, Palm Oil has found its way into pharmaceutical products due to its ability to improve the solubility and bioavailability of drugs.
50% of products on every supermarket shelf contain Palm Oil or its derivatives.

High Yield & Land Efficiency

47 MT/Ha
Palm
1.06 MT/Ha
Ground Nut
0.94 MT/Ha
Castor
0.86MT/Ha
Soyabean
0.77MT/Ha
Mustard
Agricultural land scarcity globally amplifies the significance of Oil Palm. Oil Palm’s unparalleled yield per hectare highlights its global significance, making it a valuable crop, for both, farmers and consumers.

Oil palm outperforms other oil-bearing crops such as ground nut, castor, soybean, and mustard with an astonishing 4-6 times higher yield.

For this reason, Oil Palm farming makes optimum use of available land and contributes to meeting the rising demand for edible oils, while relieving strain on large areas of agricultural land.
Contact:

6-3-569/2, 1st & 3rdFloor, Rockdale, Somajiguda,
Hyderabad, 500082
Telangana, India.

© 3F Oil Palm Pvt Ltd.