Stronger demand will push edible oil imports to a record 11.6 million metric tons (MMT) in marketing year (MY) 2013/14. Due to lower-than-expected yields, India’s soybean production in MY 2013/14 will be 12.0 MMT, a 1.5 MMT decrease from Post’s previous estimate. To date, winter-season oilseed area planted is up three percent over 2012 to 7.3 million hectares (MHA), primarily due to higher rapeseed area, with final area expected of around 13.0 MHA. Oil meal exports will exceed 5.8 MMT.
