India: Oilseeds and Products Annual

Assuming a normal 2020 monsoon season (June-September) and favorable weather conditions, India’s total oilseed production in Marketing Year (MY) 2020/21 (October-September) is forecast to rise two percent to 38.4 million metric tons (MMT), averaging one metric ton per hectare. An improved oilseed supply situation will help oil meal production rebound 5.2 percent to 17 MMT. Total oil meal exports will recover from 2.1 MMT to 2.5 MMT, but strong consumption demand, which is projected to rise 4.6 percent to 15.2 MMT, will limit the trade surplus. Concurrently, vegetable oil imports will rise six percent to 15 MMT to fill the supply-demand gap.

India: Oilseeds and Products Annual