India: Oilseeds and Products Annual

Assuming normal weather conditions, total oilseed production in marketing year (MY) 2019/20 (October-September) is forecast at upwards of 38 million metric tons (MMT), 8 percent above the current year estimate. This expectation is based on near normal yields and an assumption that the 2019 southwest monsoon season (June-September) will be ‘near-normal.’ The anticipated rise in oilseed supply will increase oil meal production by 5.5 percent to 18 MMT, leaving some 3 MMT for export sales after accounting for local consumption; likewise, edible oil production will grow 6.5 percent to 7.9 MMT. A widening gap between supply and demand will drive edible oil imports to rise by six percent to 16.4 MMT in MY 2019/20.   

India: Oilseeds and Products Annual