India: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   IN2024-0059

Contact:

Office of Agricultural Affairs, New Delhi   |   (011-91-11) 2419-8769

Link to report:

India: Oilseeds and Products Update
FAS New Delhi expects India’s peanut oilseed production to rise by 18 percent in marketing year (MY) 2024/2025 and reach 7.2 million metric tons (MMT) due to higher market prices, an increased planting area of 5.6 million hectares, and the use of high-yielding varieties that produced higher yields. Peanut oil production for MY 2024/2025 is revised higher at 1.35 MMT, considering edible oil demand in the domestic market and supported by higher crushing rates. Peanut meal production is increased to 1.6 MMT due to the demand in the animal feed industry. Soybean oil production is increased to 2.5 MMT due to more "crush-to-oil" availability. Post's forecast for MY 2024/2025 palm oil imports is revised to 8.9 MMT, due to the newly levied import duty on edible oils.
South and Central Asia, India
Oilseeds, Soybean Oil, Vegetable Oils (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Chile: Dairy Labeling

New labeling requirements for dairy products that may impact U.S. exports to Chile will come into effect on January 9, 2025.
Attaché Report (GAIN)

Hong Kong: Food Service - Hotel Restaurant Institutional Annual

In the first ten months of 2024, U.S. exports of consumer-oriented food and beverages to Hong Kong reached nearly $1 billion, on par with the same period in 2023.
Attaché Report (GAIN)

Saudi Arabia: Retail Foods Annual

The ongoing transformation of Saudi Arabia bodes well for the retail food sector. In 2023, the Saudi food retail market was estimated at more than $51 billion and projected to increase by more than 5 percent annually in the coming years due to the continued urbanization, growing population, changing shopping habits, expansion of physical store locations , and increasing popularity of online platforms.