Increased rapeseed production could reduce India's demand for vegetable oils

Published 2021년 12월 15일

Tridge summary

India's rapeseed production is projected to increase by 29.4% in the 2021-2022 season, reaching 10-11 million tonnes, as reported by the Central Organization of Oil Industry and Trade (COOIT). This is a significant rise from the 8.5 million tonnes produced in the previous year. The surge in rapeseed production is anticipated to decrease India's dependence on costly vegetable oil imports, which hit a record 1.17 trillion rupees ($ 15.71 billion) in the 2020/21 period. The increase in rapeseed cultivation is attributed to favorable weather conditions and higher prices, with farmers in major producing states like Rajasthan planting more mustard seeds.

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Original content

Rapeseed production in India, the world's largest importer of vegetable oils, is likely to rise 29.4% this year as farmers plant more winter oilseeds, the Central Organization of Oil Industry and Trade (COOIT) said in a statement Tuesday. Production is expected to be 10-11 million tonnes for the season ending in June 2022.COOIT estimates that Indian farmers produced 8.5 million tonnes of rapeseed in the 2020-2021 agricultural year. USDA estimates rapeseed production in India in 2020/21 at 8.5 million tonnes, oilworld.ru reports. Increased rapeseed production will help India reduce imports of expensive vegetable oils. In 2020/21, until October 31, India spent a record 1.17 trillion rupees ($ 15.71 billion) on vegetable oil imports, Reuters writes. Rapeseed, commonly known as mustard in India, has the highest oil content (35-40%) of the country's nine major oilseeds, including peanuts, sunflowers and soybeans. Early ripe rape is sown from mid-September to October, while ...

Source: Oilworld