India: Oilseeds and Products Annual

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. Oil meal exports are forecast to rise 13 percent to 3.7 MMT. Notwithstanding current market disruptions, India is expected to continue its reliance on imported edible oils to meet domestic demand, and imports are forecast at 14.5 MMT, an increase of six percent over the current year estimate.