2023-24: India's agricultural imports drop 8%, edible oil imports down 28.5% due to lower palm oil prices and import restrictions.

India's agricultural imports dropped 8% in 2023-24, with edible oil imports seeing a 28.5% decline. The reduction in imports can be attributed to lower palm oil prices and import restrictions. The Indian government recently liberalized pulse imports, aiming to lower consumer prices but potentially impacting farmers. A well-balanced import policy is needed to protect farmers' interests and encourage domestic production.