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India’s current area planted for rabi (winter sown) oilseeds is 5.2 million hectares (MHA), an increase of two percent over 2013, primarily due to higher rapeseed and mustard area.
Pakistan recently purchased 40,000 metric tons of U.S. soybean meal.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
For (marketing year) MY 2014/15, total oilseed production is expected to decrease by 3.4 percent to 36.5 million metric tons (MMT) on lower kharif (fall and early harvested) area due to poor weather.
In the past decade, India has emerged as a major agricultural exporter, with exports climbing from just over $5 billion in 2003 to a record of more than $39 billion in 2013.