India: Oilseeds and Products Update

The soybean production estimate for marketing year (MY) 2018/19 (Oct-Sept) has been revised down from 11.5 million metric tons (MMT) to 11.3 MMT to indicate slightly lower than expected area planted to beans; yield estimates remain unchanged. Peanut production is revised from 6 MMT to 5.1 MMT on poor yield projections from Gujarat. Oilmeal exports for last year settled at 2.4 MMT, while edible oil imports dropped 4 percent to 14.5 MMT. The most recent progressive planting report for winter crops indicate that rapeseed and mustard planting is actually trailing behind last year’s level despite an early start for planting.  

India: Oilseeds and Products Update