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Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.
In MY 2018/19, raw cotton production is forecast to rise to 128,000 bales on expected good weather and expanded cultivation area of American Upland cotton through the help of extension activities.
MY 2018/19 (May-April) total rice area and production levels are forecast to increase to 11.7 million hectares (HA) and 34.7 million metric tons (MMT), due to a recovery....