India: Oilseeds and Products Annual
Assuming a normal monsoon season (June-September) and favorable weather conditions, India’s total oilseed production in Marketing Year (MY) 2018/19 (Oct-Sep) is forecast to rise 10 percent to 38.8 million metric tons (MMT) on 38.4 million hectares. Improving oilseed supply conditions in MY 2018/19 will help Indian oilmeal production to rebound to 17.3 MMT from 15.9 MMT estimated in MY 2017/18. Assuming Indian meal prices stay competitive, oilmeal export sales will rise modestly from 2.1 MMT to 2.9 MMT. Concurrently, a widening gap between growing edible oil consumption and limited domestic production will increase vegetable oil imports from 16.3 MMT to 17.4 MMT.
India: Oilseeds and Products Annual