Browse Data and Analysis

Post New Delhi forecasts total oilseed production to reach 43 million metric tons (MMT) for the marketing year (MY) 2025/26, marking a slight increase. For the first time, rapeseed production is expected to surpass soybean production, driven by improved price realization.

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.

India’s oilseeds production in marketing year (MY) 2024/25 (October-September) is forecast to reach 41.9 million metric tons (MMT), a marginal drop from MY2023/2024 estimate of 42.7 MMT due weaker prices for Indian producers, limited agricultural input availability, and weather trends.

On June 14, 2023, India’s Ministry of Finance issued Public Notice No. 39/2023 - Customs that reduces the import duty on refined sunflower and soybean oils.

India’s rapeseed and mustard (rapeseed-mustard) production estimate for marketing year (MY) 2022/2023 (October-September) is forecast to drop slightly to 11.4 million metric tons, harvested from a record 9.2 million hectares following a favorable monsoon performance in the state of Rajasthan.

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.

India’s oilseeds production in marketing year (MY) 2022/23 (October-September) is expected to extend its momentum and reach 42.1 million metric tons (MMT), a one percent increase over the MY 2021/22 crop. Both rising animal feed demand and the anticipated growth in oilseed supply will further increase oil meal production by two percent to 20.7 million metric tons.

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.

India’s soybean production estimate for marketing year (2020/2021 is revised upward to 11.8 million metric tons on account of higher acreage and better than expected yields.

India’s soybean production estimate for marketing year (MY) 2021/22 (October-September) is lowered to 10.8 million metric tons (MMT) on account of delayed and erratic rainfall.

On June 29, 2021, the Food Safety and Standards Authority of India (FSSAI) published a new directive changing the nomenclature ‘‘Blended Edible Vegetable Oil” or “Multi Source Edible Vegetable Oil” now to simply “Multi Source Edible Oil.”