Tridge summary
The USDA in New Delhi anticipates that India's rapeseed production will remain steady at 11.5 million tons for the 2023-24 marketing year, making the country the world's fourth-largest producer. This prediction is based on favorable water levels, good soil moisture, and adequate fertilizer use, but potential impacts from El Niño and excessive rainfall could affect crop quality. The attaché also expects India's total oilseed production to remain at 42.5 million tonnes, including other crops such as soybeans, peanuts, sunflowers, cotton seeds, and copra.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The United States Department of Agriculture (USDA) attaché in New Delhi expects rapeseed production in India to remain fairly stable. The attache predicts that rapeseed production in 2023-24 MY will remain at the level of 11.5 million tons, the same amount in 2022-23 MY. According to USDA official figures, India is the 4th largest producer of rapeseed in the world behind the European Union, Canada and China. The ministry plans to publish its forecasts for MY 2023-24 in its next supply and demand assessments on May 12. The attache's report was based on favorable water levels in the reservoirs, as well as good soil moisture and sufficient fertilizer use. However, El Niño, due to form later this year, could reduce rainfall during India's monsoon season. The attache also noted that excessive rainfall from January to April of this year has likely reduced the quality level of crops sown in winter. The New Delhi office predicts a slight decline in yields from ...
Source: Oilworld
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