India: Oilseeds and Products Update
Post forecasts India to produce 6.8 million metric tons (MMT) of rapeseed and mustard in marketing year (MY) 2016/17 (Oct-Sept), derived from 7.05 million hectares. This forecast marks a 15-percent production increase over last year due to increased area planted, more stable yields, and better weather. MY 2016/17 Indian oilmeal export sales are higher and vegetable oil imports are also expected to rise four percent to 16 MMT, albeit at a relatively moderate pace.
India: Oilseeds and Products Update