Report Highlights:

Assuming a normal 2016 monsoon (June-Sept), India's total oilseed production in marketing year (MY) 2016/17 (Oct-Sept) will reach 35.4 million metric tons (MMT), a ten-percent over last year. Oilmeal and edible (vegetable) oil production should reach levels of 15.4 MMT and 6.8 MMT, respectively. Edible oil imports will rise modestly to 15.5 MMT, with 9.8 MMT of palm oil and soft oils making up the balance. Oilmeal exports will be limited to 2.6 MMT.

Executive Summary:

Assuming a normal 2016 southwest monsoon, India's total oilseed production in MY 2016/17 is forecast to reach 35.4 MMT, a ten-percent increase over last year. Indian farmers will likely reclaim planted area lost due to abnormal weather conditions in last two years and yields will rebound as a result. Consequently, oilmeal and vegetable oil production will advance to more conventional levels (based on a five-year average) of 15.4 MMT and 6.8 MMT, respectively.

Although Indian oilmeal exports will double from 1.3 MMT in MY 2015/16 to 2.6 MMT in MY 2016/17, Indian oilmeal exports will be checked by rising domestic consumption, expanding oilseed crushing facilities in Pakistan and Bangladesh, and stiff competition from international oilmeal suppliers. Also during last two years, the Indian oilseed industry operated at very low capacity, or shuttered plants due to availability lack of consistent oilseed supply and high production costs (which are not competitive with cheaper imports), and weak oilmeal sales.

Concurrently, edible oil imports in MY 2016/17 will rise modestly from 15 MMT to 15.5 MMT. Tightening global palm oil supplies will limit palm import to 9.8 MMT, with soft oils rising to fill the gap. Incidentally, during the last four years, palm imports fell by almost 18 percent and now account for 62 percent of India's edible oil imports. India's per capita edible oil consumption is currently estimated at 17.18 kg. Although this represents an increase, Indian vegetable oil consumption remains well under the world average of 24.86 kg.

INDIA: TOTAL OILSEEDS PSD

OILSEEDS ('000 metric tons (MT)

MY 2014/15

MY 2015/16

MY 2016/17

Revised

Estimate

Forecast

Beginning Stocks

2,056

1,981

1,386

Production

33,615

32,140

35,440

MY Imports

12

10

15

Total Supply

35,683

34,131

36,841

MY Exports

884

685

760

Crush

24,778

24,330

26,290

Food Use Dom. Cons.

2,510

2,380

2,500

Feed Waste Dom. Cons.

5,530

5,350

5,370

Total Dom. Cons.

32,818

32,060

34,160

Ending Stocks

1,981

1,386

1,921

Total Distribution

35,683

34,131

36,841

Assuming a normal 2016 southwest monsoon, oilseed production in MY 2016/17 is forecast to reach 35.4 MMT, a ten-percent increase over last year. Indian farmers are likely to return some acreage which was lost during the last two years due to dry weather to oilseed production. This increase in area planted will essentially return oilseed acres and production levels to more conventional levels (five-year average). Prevailing strong market prices for soybeans, peanuts, rapeseed, and mustard should also support higher planting and production. Deficit precipitation during the last two monsoon seasons resulted in lower than anticipated oilseed production (refer governments second advance estimate for crop year 2015/16 (July-June). Note: The forecast covers soybeans, rapeseed and mustard, peanut, sunflower seed, cottonseed and copra. Minor oilseed crops such as niger, sesamum and safflower are not covered in this report.

The National Mission on Oilseeds and Palm's (NMOOP) latest action plan for Indian fiscal year (IFY) 2016/17 (April-March) proposes to allocate a sum of INR 9 billion as a means to boost oilseed production. For IFY2015/16, the Ministry of Agriculture proposed INR 5.3 billion which covered all three missions (MM-1, MM-II and MM-III, see below). The target proposed for new area to be brought under MM-II and MM-III was 30,000 hectares and 3,236 hectares, respectively. The NMOOP announced in its Twelfth Five-Year Plan (IFY 2012/13 to 2016/17) its intent to increase vegetable oil production by 35 percent over the previous Five-Year Plan's average (of 7.06 MMT) to 9.51 MMT. NMOOP intends that more edible oils be sourced from oilseeds, oil palm, and tree borne oilseeds (TBOs). NMOOP is implemented from Indian fiscal 2014/15 through three Mini Missions with specific target as detailed below:

Mini Mission (MM)

Target of XIIth Plan

MM I (for Oilseeds)

Achieve production of 35.51 MMT, with average yields of 1.328 MT/hectare. Current rates are 28.93 MMT and 1.081 MT/hectare during the Eleventh Plan period respectively.

MM II (for Oil Palm)

Bring additional 125,000 hectares area under oil palm cultivation, including utilization of wastelands. Increase yields of fresh fruit brunches (FFB) from 4,927 kg per hectares to 15,000 kg per hectares.

MM III (for TBO)

Enhance seed collection of TBOs from 0.9 MMT to 1.4 MMT and to augment elite planting materials for area expansion under waste land.

Additionally, with an aim to boost agricultural growth, the Government of India (GOI) introduced the Rashtriya Krishi Vikas Yojana (RKVY) to subsidize states to bridge gaps in their State Plans above their baseline expenditures. The Union budget for IFY 2016/17 provisionally allocated INR 54 billion for RKVY. Last fiscal year, the GOI allocated INR 39 billion for the same. As agriculture is a state subject, the GOI program is also supplemented by state governments' efforts to enhance oilseed production and productivity.

Consumption:

Food use of oilseeds in MY 2016/17 will increase by five percent to 2.5 MMT, driven by steady demand for value-added food products made from oilseeds, particularly nuggets, snacks, curries, and sauces made from soy, rapeseed, mustard, sesamum, peanuts, and other oilseeds. Additionally, oilseed feed-waste consumption is expected to remain marginally above last year's level of 5.3 MMT, driven by cottonseed and soybean waste, which are forecast at 3.3 and 1.3 MMT, respectively. “Waste" broadly also includes seeds retained for sowing/re-sowing operations, feed and industrial use.

Trade:

Oilseed exports in MY 2016/17 will recover to 760,000 MT, an increase of 11 percent over last year. Exports will include 550,000 MT of peanut, 200,000 MT of non-genetically engineered (GE) soybeans, and 10,000 MT of other oilseeds. Consistent demand for Indian hand-picked select (HPS) peanuts in Indonesia, Vietnam, Malaysia, Philippines, and Thailand will keep exports buoyant, but below last year's level. Additionally, trade sources expect that Indian soybeans will continue to find niche markets in the United States, Canada, France, Belgium, South Korea and Europe. The Agricultural and Processed Food Products Export Development Authority (APEDA) and Indian Oilseeds and Produce Export Promotion Council (IOPEPC) are work jointly to address quality issues and raise awareness of the quality of Indian oilseeds (namely peanuts) among different stakeholders. APEDA had also issued guidelines for exporting peanuts and peanut products, including registration of peanut units and/or warehouse and issuance of certificates of export by IOPEPC.

India annually exports high-value HPS peanuts, soybean, sesame, niger seed, cottonseed, safflower seed, rapeseed, and mustard valued at upwards of $1.5 billion. Non-GE oilseeds can be imported into India without any quantitative restrictions, but typically face high tariffs (30 percent) and complex phytosanitary regulations.

Stocks:

Total oilseed inventory in MY 2016/17 will expand to above normal level (five-year average) at 1.9 MMT amid resumption in local oilseed supplies. Private-held stocks in MY 2015/16 will be relatively low amid tighter oilseed supplies. Even stocks held by the National Agricultural Cooperative Marketing Federation of India (NAFED) will likely remain low, as market prices of oilseeds are ruling above the minimum support price (MSP). The GOI Commission for Agriculture Costs & Prices has recommended an increase in the oilseed minimum support price (MSP) for 2015/16 to boost output and provide a better return to farmers.

INDIA: TOTAL OILMEALS PSD

OILMEALS ('000 MT)

MY 2014/15

MY 2015/16

MY 2016/17

Revised

Estimate

Forecast

Crush

24,778

24,330

26,290

Beginning Stocks

272

379

527

Production

14,124

13,788

15,457

MY Imports

115

60

80

Total Supply

14,511

14,227

16,064

MY Exports

1,994

1,262

2,602

Industrial Dom. Cons.

0

0

0

Food Use Dom. Cons.

520

515

515

Feed Waste Dom. Cons.

11,618

11,923

12,454

Total Dom. Cons.

12,138

12,438

12,969

Ending Stocks

379

527

493

Total Distribution

14,511

14,227

16,064

Production:

Indian oilmeal production in MY 2016/17 is expected to recover to a more normal level of 15.4 MMT. Anticipated resumption in oilseed supply amid moderate growth in oilmeal consumption demand will support rise in meal production. This forecast is in contrast to the meal production scenario, which remained almost static at 14 MMT for the last two years, principally due to strong oilseed prices (due to its limited availability), weaker processing margins, and poor export sales. As a result, most of the processors are either operating at a very low capacity or have closed down their plants. Generally, an estimated 80 percent of India's total oilseed supply is crushed for meal and oil; oil meal is then utilized for feed and food. However, the specific end-use allocation can vary according to available domestic supplies and export demand for Indian oil meal during the marketing year.

Consumption:

Total oilmeal consumption in MY 2016/17 is forecast to rise four percent to 13 MMT, including 4.7 MMT of soybean meal, 4 MMT of cottonseed meal (mostly used for livestock feed), 2.7 MMT of rapeseed meal, 1 MMT million tons of peanut meal, and 600,000 MT of other oil meals. Domestic oilmeal feed use grew at average pace in last two years (11.6 MMT to 11.9 MMT) as the Indian poultry sector struggled with high production costs and thin profit margins. Generally, high feed prices lead to demand compression and prompt feed manufacturers to shift to unconventional feed ingredients besides putting pressure on prices of daily protein supplements such as eggs, milk, meat etc. Although the Indian poultry sector is currently in consolidation mode, the medium to long-term demand prospects continue to remain modest to healthy due to favorable socio-economic indicators.

India's organized feed industry uses soy meal, and also peanut, cottonseed, sunflower seed and rapeseed meal in various formulations. In addition to animal feed use, oil meals like soymeal are increasingly used in processed food products, healthcare products, and also as low-cost high-protein supplements. Soymeal is widely used as texturized protein (chunks, flakes, and nuggets), to fortify other food products (wheat flours, biscuits, etc.), or for the extraction of protein isolates (with a 90 percent or more protein content, it is a good substitute for animal protein).

Trade:

Assuming normal market conditions, Indian oilmeal export in MY 2016/17 is forecast to rise moderately from 1.3 MMT to 2.6 MMT. An uptick in domestic consumption, rapidly expanding oilseed crushing facilities in Pakistan and Bangladesh and stiff competition from international oilmeal suppliers will limit its export sales. During first five months of MY 2015/16, oilmeal exports dropped 92 percent as they have become non-competitive in international markets, for e.g., Indian soymeal is currently out-priced by more than $150/MT. Specifically, cheaper availability of meals from other international destination has eroded opportunity for Indian oilmeals, particularly among traditional buyers. Specifically, South Korea, Vietnam, Thailand, Taiwan and Oman were major buyers of Indian oilmeals albeit in smaller quantities.

India: Oilmeal Exports, In Thousand MTs

Soybean meal

Rapeseed meal

Peanut meal

Sunflower meal

Total

Oct-15

4,237

3,079

0

0

7,316

Nov-15

8,909

12,845

0

0

21,754

Dec-15

5,667

16,855

0

0

22,522

Jan-16

7,707

1,990

0

0

9,697

Feb-16

1,127

9,803

496

0

11,426

Road Transport

18,000

14,000

0

0

32,000

Oct 15-Feb-16

45,647

44,572

496

0

90,715

Oct 14-Feb-15

725,759

416,139

2,291

0

1,144,189

% Change

-94

-89

-78

-92

Source: Solvent Extractors' Association of India Includes soybean meal surface transport during corresponding period recorded at 406,150 MT

Stocks:

MY 2016/17 oilmeals end stock is forecast at 493,000 MT which is significantly below last five years average of 621,000 MT.

Policy:

  • A fifteen percent duty is applicable on import of oilmeals, rice bran and oil bearing materials. While there are no quantitative restrictions on oilmeal imports, the availability of other cheap feed material continues to generally discourage imports, even at zero import duty.
  • On July 8, 2006, the Ministry of Commerce and Industries issued a notification specifying that all imports containing GE products must have prior approval from the GEAC. Although the cotton seed meal from domestically produced Bt cotton seed approved by GEAC is allowed as a livestock feed, GEAC has not approved any other GE-derived feed ingredient, to include imported soybean meal.
  • While there are no quantitative restrictions on oilmeal imports, the availability of other cheap substitutes continues to generally discourage imports.
  • Per public notice No. 27/2015-2020, dated July 14, 2015, Ministry of Commerce, GOI, few oil cakes and meals are removed from Merchandise Export from India Scheme (MEIS) benefits: such as tree borne oils, rice bran oil, wheat bran, oil cake and meal of peanut expeller and solvent extracted varieties.
  • n the Union budget for IFY 2016/17 (April-March), the proposed allocation for government welfare program such as Integrated Child Development Services (ICDS) has been reduced to INR 149 billion compared to INR 156 billion allocated in 2015-16. However, allocation for Mid-Day Meal Scheme (MDMS) has been enhanced to INR 97 billion from INR 92.3 billion in Indian fiscal 2015-16. ICDS and MDMS along with National Nutrition Mission, Rashtriya Madhsayamik Shiksa Abhiyaan (RMSA) seeks to promote nutritious protein rich foods. Several state governments are also promoting increased utilization of low-cost high-protein supplements derived from soybeans.

INDIA: TOTAL OILS PSD

OILS ('000 MT)

MY 2014/15

MY 2015/16

MY 2016/17

Revised

Estimate

Forecast

Crush

24,778

24,330

26,290

Beginning Stocks

1,176

1,477

1,398

Production

6,277

6,423

6,837

MY Imports

14,002

15,050

15,550

Total Supply

21,455

22,950

23,785

MY Exports

26

12

12

Industrial Dom. Cons.

880

985

1,110

Food Use Dom. Cons.

19,072

20,555

21,290

Feed Waste Dom. Cons.

0

0

0

Total Dom. Cons.

19,952

21,540

22,400

Ending Stocks

1,477

1,398

1,363

Total Distribution

21,455

22,950

23,785

Total edible oil production in MY 2016/17 will rise six percent to 6.8 MMT mostly due to anticipated expanded acreage and crushing of rapeseed, mustard and cottonseed. A likely drop in peanut oil production will limit domestic availability of edible oils. Edible oil production during MY 2015/16 will be limited to 6.4 MMT, an incremental rise of 2.3 percent above MY 2014/15. The estimate includes 2.3 MMT of rapeseed oil, 1.3 MMT of cottonseed oil, 1.05 MMT each of soybean oil, 920,000 MT of peanut oil, 590,000 MT of coconut oil, 200,000 MT of palm oil, and 120,000 MT of sunflower oil.

Consumption:

Edible oil consumption in forecast year will rise four percent to 22.4 MMT. The expanding population, rising disposable incomes, growing demand from hotel, restaurants, institutions, households and food-based industries will encourage higher consumption. The per capita edible oil consumption in India is also increasing and is currently estimated 17.18 kg for MY 2015/16. However, this remains below the global average per capita consumption of 24.86 kg.

Edible oil consumption in MY 2015/16 is estimated at 21.5 MMT, which includes 9.8 MMT of palm oil, 4.6 MMT of soy oil, 2.6 MMT of rapeseed and mustard oil, 1.8 MMT of sunflower, 910,000 MT of peanut oil and 1.8 MMT of other available oils. Palm oil will continue to be the largest consumed edible oil because of its competitive prices, versatility in blending with other others, and wide application across food (ingredient for margarines, biscuits, breads, breakfast cereals, instant noodle) and non-food sector (shampoos, lipsticks, candles, detergents, chocolates and ice cream).

Fortified, Blended and Branded Cooking Oils Gaining Acceptance

India's edible oil manufacturers promote fortified refined palmolein, safflower, olive oil, and rice bran oil as more healthful cooking oils. Cottonseed oil finds increasing acceptability due to its light color, neutral odor, and blending characteristics with other oils. Coconut, peanut and sunflower oils continue to be widely consumed in south India, while peanut and cottonseed oils are more prevalent in Gujarat and Maharashtra. Rapeseed oil is preferred in northeast, eastern and northwest India, while soybean oil prevails in central India, and rice bran oil is gaining popularity in eastern India.

Most edible oil is purchased by households or by institutional users (food processors, restaurants and hotels) and is sold in loose form or as vanaspati (partially hydrogenated vegetable oil). Edible oil sold in loose form is often again repacked and resold under different private labels. However, the percentage of refined oils that are directly branded and packaged by the refiners is also growing, as consumers are becoming more aware of health and quality factors in their choice of food products. Almost 35 to 40 percent of the edible oil market is branded. Branded edible oils sold in low-volume, low-priced packages or sachets sell well, a development that indicates a growing consumer preference for branded products.

Trade

Edible oil imports will rise modestly from 15 MMT to 15.5 MMT. Tightening global palm oil supplies will cap surge in its import to 9.8 MMT while share of soft oils will rise to fill the gap. Incidentally, palm oil share in the import basket has fallen by almost 18 percent in last four years to just 62 percent. Since consumption is growing at a faster pace than production, the appetite for imports is also rising in tandem. Incidentally, India is the world's largest importer of edible vegetable oil, followed by the EU-27, China, and the United States.

During first five months of the current marketing year, edible oil imports rose 47 percent to 6.7 MMT). Based on current trends, MY 2015/16 edible oil imports are estimated upwards of 15 MMT, 7 percent above last year. Notably, imports growth between current and forecast year is incremental as higher oilseed production and larger oilseed crush will offset requirement for larger imports. Total imports surged due to large inflow of crude edible oil (mostly palm and soybean). Further, narrowing premium between crude and refined palm oils also encouraged RBD palmolein imports. Sesame seed oil is premium oil, exported in small but significant quantities to cater to niche demand from overseas buyers. According to industry sources, sesame oil export in MY 2014/15 was worth $17 million, five percent above MY 2013/14. Countries such as Mexico, United States, Taiwan, Iran, UAE and China, are among the major buyers of Indian sesame oil.

India: Edible Oil Imports, In Thousand MTs

Oct-15

Nov-15

Dec-15

Jan-16

Feb-16

Oct 15- Feb 16

Oct 14 - Feb15

% Change

RBD palmolein

229

232

230

150

178

1,018

314

224

Crude palm oil

878

627

551

530

423

3,010

2,785

8

Crude palmolein

0

551

0

0

0

0

0

Crude Palm kern oil

9

530

8

8

9

48

58

18

Total palm oil

1,116

874

788

688

610

4,076

3,157

29

Crude soybean

oil

405

262

491

441

380

1,979

661

199

Refined soybean oil

0

0

0

0

0

0

0

0

Total soy oil

405

262

491

441

380

1,979

661

199

Crude sun oil

113

178

103

118

87

599

603

1

Refined sun oil

0

0

0

0

0

0

0

0

Total sun oil

113

178

103

118

87

599

603

1

Canola Rape oil

16

25

26

7

17

91

162

44

Cottonseed Oil

0

0

0

0

0

0

0

0

Safflower oil

0

0

0

0

0

0

0

-

Coconut oil

0

0

0

0

0

0

0

Grand Total

1,650

1,338

1,407

1,255

1,094

6,745

4,584

47

Source: Solvent Extractors' Association of India

Stocks:

MY 2016/17 edible oil end stock is forecast at 1.3 MMT which is significantly below last five years average of 1.6 MMT.

Policy:

Policy Developments

  • In September 2015, the GOI raised the import duty on both crude and refined oils by five percent to 12.5 percent and 20 percent (Customs Notification No. 46/2015), respectively. The last revision on import duty was done in December 2014. Per Customs Notification No. 34/2014 dated December 24, 2014, import tariffs on crude and refined edible oils were raised by five percent, to 7.5 percent and 15 percent, respectively.
  • Per Notification No 17/2015-20, Ministry of Commerce, GOI, dated August 6, 2015, rice bran oil is now permitted to be exported in bulk. Also, the ceiling on export of organic edible oils has been removed. Export of edible oils in branded consumer packs of up to five KGs is permitted with a minimum export price of $900 per MT.
  • The TRQ on refined rapeseed oil is 150,000 MT, at an in-quota tariff rate of 45 percent. The TRQ on crude sunflower seed oil and safflower seed oil is also 150,000 MT, with an in-quota tariff rate of 50 percent.
  • The only biotech food product currently authorized for import into India is soybean oil derived from glyphosate-tolerant soybeans. On June 22, 2007, the GEAC gave a permanent approval for importation of soybean oil derived from Roundup Ready soybeans for consumption after refining. Also, as Bt cotton now accounts for over 90 percent of the total cotton produced in India, almost all of the cottonseed oil produced and consumed in India is derived from GM cotton.

Vegetable Oils

Duty

E.C

S.A.D

Effective Duty

Crude Palm Oil and Crude Olein

12.5

3

0

12.87

Crude Soy Oil (degummed)

12.5

3

0

12.87

Crude Sunflower Oil

12.5

3

0

12.87

Crude Rapeseed oil

12.5

3

0

12.87

RBD Palmolein

20.0

3

0

20.60

Refined Rapeseed Oil

20.0

3

0

20.60

Refined Sunflower Oil & Other Oils

20.0

3

0

20.60

Refined Soybean Oil

20.0

3

0

20.60

Source: Department of Revenue, Ministry of Finance, Government of India

India: Vegetable Oil Reference Price as on February 15, 2016

Edible Oils

$/Metric Ton

Crude Palm Oil

621

RBD Palm Oil

635

Other-Palm Oil

628

Crude Palmolein

642

RBD Palmolein

645

Other-Palmolein

644

Crude Soybean Oil

748

Note: Tariff values are revised from time to time by the GOI to reflect changes in international prices. The import duty is applied to the current tariff value rather than to the actual invoice value.

India: Commodity, Oilseed, Soybean, PSD (Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Soybean

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

11000

10908

11650

11610

0

12000

Area Harvested

10908

10908

11650

0

0

0

Beginning Stocks

606

606

453

632

0

212

Production

8700

8700

8000

7500

0

11000

MY Imports

11

11

20

10

0

15

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

9317

9317

8473

8142

0

11227

MY Exports

234

235

200

100

0

200

MY Exp. to EU

25

20

30

25

0

25

Crush

7000

6600

6450

6000

0

8200

Food Use Dom. Cons.

630

650

630

630

0

650

Feed Waste Dom. Cons.

1000

1200

1000

1200

0

1300

Total Dom. Cons.

8630

8450

8080

7830

0

10150

Ending Stocks

453

632

193

212

0

877

Total Distribution

9317

9317

8473

8142

0

11227

India: Commodity, Meal, Soybean, PSD (Units in 1000 MT, Extraction rate in Percent)

Meal, Soybean

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

7000

6600

6450

6000

0

8200

Extr. Rate, 999.9999

0.8

0.8065

0.8

0.8

0

0.8

Beginning Stocks

252

252

177

235

0

185

Production

5600

5323

5160

4800

0

6560

MY Imports

7

0

7

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

5859

5575

5344

5035

0

6745

MY Exports

1072

1140

150

650

0

1800

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

260

500

280

500

0

500

Feed Waste Dom. Cons.

4350

3700

4800

3700

0

4200

Total Dom. Cons.

4610

4200

5080

4200

0

4700

Ending Stocks

177

235

114

185

0

245

Total Distribution

5859

5575

5344

5035

0

6745

India: Commodity, Oil, Soybean, PSD(Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Soybean

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

7000

6600

6450

6000

0

8200

Extr. Rate, 999.9999

0.1779

0.1758

0.1783

0.176

0

0.1762

Beginning Stocks

255

255

249

415

0

571

Production

1245

1160

1150

1056

0

1445

MY Imports

2799

2800

3700

3700

0

3600

MY Imp. from U.S.

2

2

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

4299

4215

5099

5171

0

5616

MY Exports

0

0

0

0

0

10

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

4050

3800

4850

4600

0

5000

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

4050

3800

4850

4600

0

5000

Ending Stocks

249

415

249

571

0

606

Total Distribution

4299

4215

5099

5171

0

5616

India: Commodity, Oilseed, Rapeseed, PSD

(Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Rapeseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

6600

6517

7000

6450

0

6500

Area Harvested

6600

6517

6000

6450

0

6500

Beginning Stocks

568

568

428

633

0

423

Production

6310

5800

6000

6400

0

6800

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

6878

6368

6428

7033

0

7223

MY Exports

0

0

0

5

0

5

MY Exp. to EU

0

0

0

0

0

0

Crush

5500

4800

5100

5555

0

5700

Food Use Dom. Cons.

700

660

700

750

0

800

Feed Waste Dom. Cons.

250

275

250

300

0

325

Total Dom. Cons.

6450

5735

6050

6605

0

6825

Ending Stocks

428

633

378

423

0

393

Total Distribution

6878

6368

6428

7033

0

7223

India: Commodity, Meal, Rapeseed, PSD (Units in 1000 metric tons, Extraction rate in Percent)

Meal, Rapeseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

5500

4800

5100

5555

0

5700

Extr. Rate, 999.9999

0.5909

0.5896

0.5902

0.5905

0

0.5905

Beginning Stocks

20

20

17

50

0

270

Production

3250

2830

3010

3280

0

3366

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

3270

2850

3027

3330

0

3636

MY Exports

843

800

200

560

0

750

MY Exp. to EU

2

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

2410

2000

2800

2500

0

2700

Total Dom. Cons.

2410

2000

2800

2500

0

2700

Ending Stocks

17

50

27

270

0

186

Total Distribution

3270

2850

3027

3330

0

3636

India: Commodity, Oil, Rapeseed, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Rapeseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

5500

4800

5100

5555

0

5700

Extr. Rate, 999.9999

0.38

0.3958

0.3804

0.4104

0

0.4105

Beginning Stocks

165

165

132

168

0

216

Production

2090

1900

1940

2280

0

2340

MY Imports

384

385

450

350

0

350

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

2639

2450

2522

2798

0

2906

MY Exports

2

2

3

2

0

2

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

80

80

80

80

0

85

Food Use Dom. Cons.

2425

2200

2300

2500

0

2600

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

2505

2280

2380

2580

0

2685

Ending Stocks

132

168

139

216

0

219

Total Distribution

2639

2450

2522

2798

0

2906

Commodity, Oilseed, Peanut, PSD (Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Peanut

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

4600

4560

4000

4000

0

3900

Area Harvested

4600

4560

4500

4000

0

3900

Beginning Stocks

287

287

47

93

0

218

Production

4900

5200

4700

4800

0

4600

MY Imports

0

1

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

5187

5488

4747

4893

0

4818

MY Exports

870

645

530

575

0

550

MY Exp. to EU

20

20

20

20

0

20

Crush

3325

3050

3200

2700

0

2600

Food Use Dom. Cons.

615

1200

615

1000

0

1050

Feed Waste Dom. Cons.

330

500

300

400

0

400

Total Dom. Cons.

4270

4750

4115

4100

0

4050

Ending Stocks

47

93

102

218

0

218

Total Distribution

5187

5488

4747

4893

0

4818

India: Commodity, Meal, Peanut, PSD (Units in 1000 metric tons, Extraction rate in Percent)

Meal, Peanut

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

3325

3050

3200

2700

0

2600

Extr. Rate, 999.9999

0.391

0.4

0.3916

0.4

0

0.4

Beginning Stocks

0

0

0

0

0

0

Production

1300

1220

1253

1080

0

1040

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1300

1220

1253

1080

0

1040

MY Exports

8

3

5

2

0

2

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

5

10

5

5

0

5

Feed Waste Dom. Cons.

1287

1207

1243

1073

0

1033

Total Dom. Cons.

1292

1217

1248

1078

0

1038

Ending Stocks

0

0

0

0

0

0

Total Distribution

1300

1220

1253

1080

0

1040

India: Commodity, Oil, Peanut, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Peanut

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

3325

3050

3200

2700

0

2600

Extr. Rate, 999.9999

0.3308

0.34

0.3309

0.34

0

0.3404

Beginning Stocks

10

10

10

17

0

15

Production

1100

1037

1059

918

0

885

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1110

1047

1069

935

0

900

MY Exports

15

15

10

10

0

10

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

10

15

10

10

0

10

Food Use Dom. Cons.

1075

1000

1030

900

0

850

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

1085

1015

1040

910

0

860

Ending Stocks

10

17

19

15

0

30

Total Distribution

1110

1047

1069

935

0

900

India: Commodity, Oilseed, Cottonseed, PSD (Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Cottonseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted (Cotton)

12700

12700

12000

11800

0

12000

Area Harvested (Cotton)

12700

12700

11800

11800

0

12000

Seed to Lint Ratio

0

0

0

0

0

0

Beginning Stocks

595

595

494

623

0

533

Production

12500

12580

11400

12110

0

11700

MY Imports

1

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

13096

13175

11894

12733

0

12233

MY Exports

2

2

1

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

9200

9050

8650

8800

0

8500

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

3400

3500

3000

3400

0

3300

Total Dom. Cons.

12600

12550

11650

12200

0

11800

Ending Stocks

494

623

243

533

0

433

Total Distribution

13096

13175

11894

12733

0

12233

India: Commodity, Meal, Cottonseed, PSD

(Units in 1000 metric tons, Extraction rate in Percent)

Meal, Cottonseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

9200

9050

8650

8800

0

8500

Extr. Rate, 999.9999

0.469

0.4691

0.469

0.4691

0

0.4694

Beginning Stocks

0

0

0

94

0

72

Production

4315

4245

4057

4128

0

3990

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

4315

4245

4057

4222

0

4062

MY Exports

51

51

35

50

0

50

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

4264

4100

4022

4100

0

3950

Total Dom. Cons.

4264

4100

4022

4100

0

3950

Ending Stocks

0

94

0

72

0

62

Total Distribution

4315

4245

4057

4222

0

4062

India: Commodity, Oil, Cottonseed, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Cottonseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

9200

9050

8650

8800

0

8500

Extr. Rate, 999.9999

0.1435

0.1436

0.1438

0.1432

0

0.1435

Beginning Stocks

58

58

60

41

0

31

Production

1320

1300

1244

1260

0

1220

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1378

1358

1304

1301

0

1251

MY Exports

1

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

45

45

45

45

0

35

Food Use Dom. Cons.

1272

1272

1225

1225

0

1190

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

1317

1317

1270

1270

0

1225

Ending Stocks

60

41

34

31

0

26

Total Distribution

1378

1358

1304

1301

0

1251

India: Commodity, Oilseed, Sunflowerseed, PSD (Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Sunflowerseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

550

525

550

446

0

400

Area Harvested

550

525

550

446

0

400

Beginning Stocks

0

0

0

0

0

0

Production

420

435

460

390

0

350

MY Imports

2

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

422

435

460

390

0

350

MY Exports

7

0

4

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Crush

340

380

380

340

0

305

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

75

55

76

50

0

45

Total Dom. Cons.

415

435

456

390

0

350

Ending Stocks

0

0

0

0

0

0

Total Distribution

422

435

460

390

0

350

India: Commodity, Meal, Sunflowerseed, PSD(Units in 1000 metric tons, Extraction rate in Percent)

Meal, Sunflowerseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

340

380

380

340

0

305

Extr. Rate, 999.9999

0.4735

0.4789

0.4737

0.4794

0

0.4787

Beginning Stocks

0

0

0

0

0

0

Production

161

182

180

163

0

146

MY Imports

32

0

40

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

193

182

220

163

0

146

MY Exports

4

0

5

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

189

182

215

163

0

146

Total Dom. Cons.

189

182

215

163

0

146

Ending Stocks

0

0

0

0

0

0

Total Distribution

193

182

220

163

0

146

India: Commodity, Oil, Sunflower seed, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Sunflowerseed

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

340

380

380

340

0

305

Extr. Rate, 999.9999

0.3529

0.3553

0.3579

0.35

0

0.3508

Beginning Stocks

172

172

153

137

0

56

Production

120

135

136

119

0

107

MY Imports

1531

1530

1550

1600

0

1800

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

1823

1837

1839

1856

0

1963

MY Exports

4

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

1666

1700

1685

1800

0

1900

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

1666

1700

1685

1800

0

1900

Ending Stocks

153

137

154

56

0

63

Total Distribution

1823

1837

1839

1856

0

1963

India: Commodity, Oilseed, Copra, PSD (Area in 1000 hectares and production in 1000 metric tons)

Oilseed, Copra

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

May 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

0

0

0

0

0

0

Area Harvested

2185

2185

2210

2210

0

2230

Trees

0

0

0

0

0

0

Beginning Stocks

0

0

0

0

0

0

Production

710

900

715

940

0

990

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

710

900

715

940

0

990

MY Exports

2

2

5

5

0

5

MY Exp. to EU

0

0

0

0

0

0

Crush

708

898

710

935

0

985

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

708

898

710

935

0

985

Ending Stocks

0

0

0

0

0

0

Total Distribution

710

900

715

940

0

990

India: Commodity, Meal, Copra, PSD (Units in 1000 metric tons, Extraction rate in Percent)

Meal, Copra

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

708

898

710

935

0

985

Extr. Rate, 999.9999

0.3545

0.3608

0.3535

0.3604

0

0.3604

Beginning Stocks

0

0

0

0

0

0

Production

251

324

251

337

0

355

MY Imports

115

115

45

60

0

80

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

366

439

296

397

0

435

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

10

10

10

10

0

10

Feed Waste Dom. Cons.

356

429

286

387

0

425

Total Dom. Cons.

366

439

296

397

0

435

Ending Stocks

0

0

0

0

0

0

Total Distribution

366

439

296

397

0

435

India: Commodity, Oil, Coconut, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Coconut

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

Oct 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

708

898

710

935

0

985

Extr. Rate, 999.9999

0.6172

0.6292

0.6169

0.631

0

0.6294

Beginning Stocks

16

16

15

32

0

42

Production

437

565

438

590

0

620

MY Imports

10

0

3

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

463

581

456

622

0

662

MY Exports

8

9

5

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

200

240

200

250

0

280

Food Use Dom. Cons.

240

300

235

330

0

350

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

440

540

435

580

0

630

Ending Stocks

15

32

16

42

0

32

Total Distribution

463

581

456

622

0

662

India: Commodity, Oil, Palm, PSD (Unit in 1000 metric tons and Extraction rate in Percent)

Oil, Palm

2014/2015

2015/2016

2016/2017

Market Begin Year

Oct 2014

May 2015

Oct 2016

India

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Area Planted

0

0

0

0

0

0

Area Harvested

80

80

80

80

0

90

Trees

0

0

0

0

0

0

Beginning Stocks

500

500

800

667

0

467

Production

180

180

200

200

0

220

MY Imports

9129

9287

9425

9400

0

9800

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

9809

9967

10425

10267

0

10487

MY Exports

0

0

0

0

0

0

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

400

500

450

600

0

700

Food Use Dom. Cons.

8609

8800

9300

9200

0

9400

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

9009

9300

9750

9800

0

10100

Ending Stocks

800

667

675

467

0

387

Total Distribution

9809

9967

10425

10267

0

10487