India: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   IN2023-0062

Contact:

Office of Agricultural Affairs, New Delhi   |   (011-91-11) 2419-8769

Link to report:

India: Oilseeds and Products Update

India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions. However, for MY 2023/2024, there is an expectation of a deteriorating weather pattern due to El Nino that could lower production estimates for both soybean and rapeseed to 11.9 and 11.2 MMT respectively. India’s export of soybean meal is estimated to increase to 18 MMT due to the demand for high protein content. Additionally, rapeseed meal export is estimated to rise by 4 percent owing to good harvest and demand from the neighboring Southeast Asian countries. India’s edible oil import has increased exponentially for the current MY compared to MY 2021/22. Crude palm oil remains the primarily consumed edible oil with record imports from Indonesia and Malaysia estimated at 10.5 MMT for MY 2022/23.

South and Central Asia, India
Oilseeds, Soybean Meal, Soybeans, Vegetable Oils (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 4 Issue 12

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Consul General Greg May and ATO Hong Kong Open the USA Pavilion and Welcome U.S. Exhibitors at Asia Fruit Logistica 2024; The U.S. Dairy Export Council Showcases the Diversity of U.S. Cheese to Hong Kong Buyers...
Attaché Report (GAIN)

Venezuela: Livestock and Products Annual

Since 2014, Venezuela’s total meat consumption has declined 57 percent due to prolonged economic downfall. Nevertheless, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector. In 2024, total per capita meat consumption is forecast to be 32.4 kilograms, growing 83 percent from its 2018 record low.
Attaché Report (GAIN)

Thailand: Sugar Semi-annual

FAS/Bangkok (Post) forecasts MY 2024/25 sugar production to increase to 10.2 MMT. MY 2023/24 sugar exports are likely to decline 26 percent due to competition from Brazil. Post expects sugar exports to double in MY 2024/25 from MY 2023/24 in anticipation of tight exportable sugar supplies in the major exporting countries.