India: Oilseeds and Products Update
Link to report:
FAS New Delhi lowered the marketing year (MY) 2024/2025 forecast for rapeseed area harvested to 8.9 million hectares (HA) and production to 11.7 million metric tons (MMT), due to a shift in cropping pattern toward more lucrative crops. Rapeseed oil production for MY 2024/2025 is revised lower to 4 MMT, driven by the lower oilseed production. Production of rapeseed meal is forecasted lower at 6.2 MMT owing to the availability of other price-competitive meals. Post’s sunflower oil import forecast is lowered to 1.9 MMT for the MY 2024/2025, driven by India’s increased edible oil import duties.
