India: Oilseeds and Products Annual
India’s total oilseed production in marketing year (MY) 2017/18 (Oct-Sept) is forecast to rise seven percent to 38.6 million metric tons (MMT), derived from 40 million hectares. The forecast assumes a normal 2017 Southwest monsoon (June-September) season, near-normal oilseed yields (per five-year average), and adequate market price incentives that encourage farmers to reclaim diverted oilseed acres. Vegetable (edible) oil imports are forecast to rise five percent to 16.8 MMT. Meal exports will recover modestly to 2.7 MMT, despite continued strong domestic demand for oilmeals.