Vegetable oil imports will decrease while the rapeseed production in India may increase in the 2021/22 season

India's rapeseed and mustard production is likely to jump 16% to a record high in 2021/22 MY, thanks to favorable weather and record high prices that prompted farmers to expand their winter oilseed acreage, industry officials told Reuters. Rise in rapeseed production could boost local edible oil supplies and restrict India's imports of palm oil, soybean oil and sunflower oil, costing the country a record $ 15.7 billion a year ago. India's rapeseed and mustard production could grow more than 10 million tons from 8.6 million tons a year ago as farmers in the northern states switch to rapeseed from other crops, said B.V. Mehta, executive director of the Vegetable Oil Producers Association. India (SEA). Farmers have planted 7.18 million hectares of rapeseed and mustard this year, up almost 17% more than usual, according to data from the Ministry of Agriculture. The higher area will certainly push rapeseed production above last year's levels, but the rate of growth will be driven by ...