India has increased rapeseed and mustard crops, which will reduce dependence on imports

게시됨 2021년 12월 1일

Tridge 요약

India's production of rapeseed and mustard is projected to increase by 16% to a record high in the 2021/22 season, reaching over 10 million tons. This surge is attributed to favorable weather conditions and high market prices. The expansion in rapeseed cultivation is expected to bolster oil supplies, potentially reducing the country's reliance on imported palm, soybean, and sunflower oils, which had cost India a record $15.7 billion last year. Farmers in the northern states are shifting their focus from other crops to rapeseed, as local rapeseed futures have seen a significant increase of 38% in 2021.

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원본 콘텐츠

12/01/2021 India's rapeseed and mustard production will grow 16% to a record high in 2021/22. Favorable weather and record high prices have prompted farmers to expand their area for winter oilseeds, Reuters reported Nov. 30. Rise in rapeseed production could boost oil supplies and reduce the need to import palm, soybean and sunflower oils, which cost the country a record $ 15.7 billion last year. Rapeseed and mustard production in India may exceed 10 million tons. A year ago, their production was 8.6 million tons. This is happening as farmers in the northern states are switching to rapeseed from other crops, said BV Mehta, executive director of the Indian Oil Producers Association (SEA). Local rapeseed futures hit a record high of Rs 8,850 ($ 117.87) per 100kg in October and are currently up 38% in 2021, prompting farmers in the northwestern state of Rajasthan to expand their croplands. Farmers have planted rapeseed ...

출처: Oilbranch