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India's rapeseed output to rise 16 pct to 5.8 mln T -trade body
MUMBAI, March 20 (Reuters) - India is likely to produce 5.8
million tonnes of rapeseed in 2015/16, up 16 percent from a year
ago, thanks to beneficial weather conditions in key producing
northern states, the head of the Central Organisation for Oil
Industry and Trade (COOIT) told Reuters on Sunday.
Rapeseed is the main winter-sown oilseed in India and higher
production will help the country to limit edible oils imports.
The expected increase in output is thanks to favourable
weather in northern states such as Rajasthan, Uttar Pradesh and
Harayana, COOIT President Laxmichand Aggarwal said.
In 2014/15 drought and hail storms trimmed India's rapeseed
output by 23 percent from the previous year to 5 million tonnes.
India, the world's biggest buyer of edible oils, imports
mainly palm oil from Indonesia and Malaysia and soyoil from
Argentina and Brazil.
The country's edible oil imports could rise by as much as 11
percent to a record 16 million tonnes in the 2015/16 marketing
year that started on Nov. 1, according to estimates from a
Mumbai trade body.
(Reporting by Rajendra Jadhav; Editing by David Goodman)
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