India: Oilseeds and Products Update

  |   Attaché Report (GAIN)

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Post revises down its marketing year (MY) 2015/16 (Oct-Sept) soybean production forecast from 12.5 million metric tons (MMT) to 11 MMT. Abnormal weather conditions will reduce yields and lead to an overall production decline, despite higher area planted for kharif (fall harvest) oilseeds. Oilmeal exports in MY 2015/16 will reach their second lowest point during the past 10 years (3.3 MMT). Softening international vegetable oil prices will continue to encourage higher imports (14.5 MMT) of both soft and palm oils, notwithstanding of India’s new five percent tariff hike for edible oils. 

India: Oilseeds and Products Update

 

South and Central Asia, India
Oilseeds, Soybeans, Oilseeds (excl. soybean)

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