India: Oilseeds and Products Annual

Assuming a normal 2021 monsoon season (June-September) and favorable weather conditions, India’s total oilseed production in market year (MY) 2021/22 (October-September) is forecast to rise four percent to 39.9 million metric tons (MMT), based on expectations of near normal oilseed crop yields. The anticipated rise in oilseed supply will increase meal production by two percent to 18.8 MMT, leaving approximately 2.9 MMT for exports after accounting for domestic consumption. Concurrently, vegetable oil imports will rise marginally by one percent to 14.5 MMT to fill the consumption gap.