The rapeseed crop in India in 2017 may reach 7 million tons (5.8 million tons in 2016, or + 20% yoy), which will be the maximum volume over the last three years.
The main prerequisite for high yield has been the expansion of the area under the crop, against a background of sufficient rainfall and high domestic prices for this culture during the sowing campaign in November 2016.
In October 2016, the country had the highest yield of soybean over at least the last ten years to 11.5 million tonnes (7 million tonnes in 2015) that put pressure on the domestic price of soybeans and soybean oil.
Grow your own oilseeds crops helps to reduce the procurement of vegetable oils on foreign markets.
This trend would mark the first time in the last six years, said UkrAgroConsult. In the current 2016/17 season, which will culminate in India in October 2017, the volume of imports is projected at 14 million tons.
Photo source: suseky.com
Translated by service "Yandex.Translation"
