India: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   IN2024-0059

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India: Oilseeds and Products Update
FAS New Delhi expects India’s peanut oilseed production to rise by 18 percent in marketing year (MY) 2024/2025 and reach 7.2 million metric tons (MMT) due to higher market prices, an increased planting area of 5.6 million hectares, and the use of high-yielding varieties that produced higher yields. Peanut oil production for MY 2024/2025 is revised higher at 1.35 MMT, considering edible oil demand in the domestic market and supported by higher crushing rates. Peanut meal production is increased to 1.6 MMT due to the demand in the animal feed industry. Soybean oil production is increased to 2.5 MMT due to more "crush-to-oil" availability. Post's forecast for MY 2024/2025 palm oil imports is revised to 8.9 MMT, due to the newly levied import duty on edible oils.
South and Central Asia, India
Oilseeds, Soybean Oil, Vegetable Oils (excl. soybean)

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