India: Oilseeds and Products Update
India is expected to produce 6.4 million metric tons (MMT) of rapeseed and mustard in marketing year (MY) 2017/18 (Oct-Sept) on 6.7 million hectares. The estimated production is 9 percent below last year due to a net decline in planted area, while yields are assumed to be near normal. Likewise, the MY 2017/18 soybean production is revised lower to 9 MMT on lower than anticipated yields. Indian oilmeal exports seemed to have gained momentum while the vegetable oil import forecast remains unchanged at 16.6 MMT.
India: Oilseeds and Products Update