Hyderabad: The Solvent Extractors Association of India (SEA) and All India Cottonseed Crushers Association (AICOSCA) with the support of Telangana Oil Industry and Trade Association will organise the second edition of National Conference on Cottonseed Oil & Meal Conclave 2019 in Hyderabad on March 24.
The main objective of the conclave is to spread awareness about cottonseed oil among consumers. Event will have several sessions with speakers such as Atul Chaturvedi, president, SEA; Sandeep Bajoria, chairman , AICOSCA; Rajnikant Rai, CEO, Agri Business, ITC; Dr R B N Prasad, former chief scientist & head, CSIR; Dr Prabodh S Halde, head-Technical Regulatory Affairs, Marico; Pasha Patel, chairman, Maharastra Agriculture Cost & Price Commission, Government of Maharashtra; Suresh Kumar Agarwal, president, Telangana Oil Industries and Trade Association etc.
The panelists will deliberate on several issues concerning the prospects and issues of cottonseed production, exports, regulatory challenges faced by the cottonseed industry. The conclave will also host sessions on best usage of cottonseed meal in feed formation, nutritional aspects and future prospects along with a session on marketing practices to promote cottonseed oil and discussion on price outlook.
According to Sandeep Bajoria, chairman, AICOSCA, “India is now the largest cotton producing country in the world overtaking China and USA and producing between 360-370 lakh bales (170 kg each) of cotton in a year. According to the latest estimates of the Cotton Advisory Board (CAB), the Central Government Body (under Ministry of Textiles), for estimating production, consumption, import and export of cotton during a season, cotton production in India in the crop year 2017-18 was 365 lakh bales (of 170 kg each) and would be 330 lakh bales for the ongoing 2018-19 season.”
He added, “The second SEA – AICOSCA conclave aims to further promote the usage of cottonseed oil as cooking oil, help remove the regulatory and policy hurdles to facilitate the growth of cottonseed oil, meal and cake.”
According to Atul Chaturvedi, president, SEA, “India produces about 13 lakh tonnes of cottonseed oil. Cost wise also cotton oil is competitively priced which increases its acceptability.”