India: Oilseeds and Products Update
Link to report:
FAS New Delhi's soybean production forecast for marketing year (MY) 2020/2021 (October-September) remains unchanged at 10 million metric tons (MMT), but on 12 million hectares against previous forecast of 11 million hectares. By contrast, peanut production is revised up to 8 MMT on 6 million hectares indicating larger than anticipated planting in the Kharif-2020. Marketing year 2019/2020 edible oil imports dropped five percent to 13.4 MMT, while oil meals exports should settle at 1.8 MMT based on the latest trade data.
