Posts

Showing posts from August, 2021

Major breakout in the Edible oil industry [AVTNPL Technofunda Analysis]

Image
Disclaimer- This blog is written to spread awareness and education on analysis part and opportunities in the market, It is not a recommendation or advice for any investment or trade. This blog can be biased because the author is personally invested in the stock for time being. Industry process & outlook The production process of vegetable oil involves the removal of oil from plant components, typically seeds. This can be done via mechanical extraction using an oil mill or chemical extraction using a solvent. The extracted oil can then be purified and, if required, refined or chemically altered. Fig. 1 In India the Highest import of agricultural products is vegetable oil, the reason is simple here consumption is highest than production. Fig. 2. Fig. 3. India's Edible oil Import data As it is visible in the above picture that from the last few years imports are stabilized and now it is in a reducing trend from 2019-2020, growth in domestic production is visible which is very good...