India: Oilseeds and Products Update

India’s rapeseed and mustard production estimate for marketing year 2021/2022 (October-September) is revised upward to 10.8 million metric tons on account of significantly higher acreage at almost 9.2 million hectares, high domestic prices, and a good monsoon performance. Exports of rapeseed meal sank 66 percent between October 2021 through January 2022 due to lower crushing availability. Recently announced duty changes in palm oils will encourage domestic refineries to import crude palm oil and other edible oils as opposed to refined palm oil.