The decision comes as part of the ministry’s plan to stabilise prices and ensure the availability of high-quality olive oil amid a sharp decline in local production this season.
In the country, the oilseed is also one of the leading agricultural exports, along with cotton and cashew nuts.
The loan will enable SOGUIPAH to restart palm oil production, resume raw material purchasing, and enhance logistics operations, helping to stabilize the supply chain from farmers to markets.
Industry sources attribute the decline primarily to ample inventories in Indian ports and warehouses, which hold over 1.2 million tonnes of edible oils, reducing the urgency for fresh imports.
This robust top-line growth was driven by volume expansion and strength in the edible oils and industry essentials segments.