Oilseed output will rise by 10% in 2010-11: USDA
Total oilseed production of India for 2010-11 is likely to increase by 10 per cent to 34.9 million tonnes over the last year, the US Department of Agriculture has said.
By PTI |
NEW DELHI: Total oilseed production of India for 2010-11 is likely to increase by 10 per cent to 34.9 million tonnes over the last year, the US Department of Agriculture (USDA) has said.
"Assuming normal monsoon and favourable growing conditions, the total oilseed production for 2010-11 (October-September) is forecast at 34.9 million tonnes, up 3.2 million tonnes over the 2009-10 production estimate," the USDA said in a report.
The prevalent high domestic prices of soyabean, peanut and sunflower should prompt farmers to bring more land under oilseed cultivation, it said. However, rapeseed planting could face stiff competition from wheat, winter-grown chick peas and lentils, the USDA added. The USDA pegged the production of oilseeds (including soybean, peanut, copra, cottonseed, rapeseed/mustard and sunflower seed) in 2009-10 at 31.7 million tonnes.
Meanwhile, the USDA also estimated that the total edible oil production in 2010-11 would rise by 13 per cent over the last year at 7 million tonnes. "Most of the increase is likely to be for peanut, rapeseed and soyabean oil," the USDA said.
The oilmeal output was forecast at 15.2 million tonnes for 2010-11, up by about 13 per cent over the last year on larger crushing and higher oilseed production, the report said. Revising the oilmeal production estimate for 2009-10, the USDA said, "An estimated decline in crushing of oilseeds in 2009-10 would bring oilmeal production down to 13.5 million tonnes."
"Assuming normal monsoon and favourable growing conditions, the total oilseed production for 2010-11 (October-September) is forecast at 34.9 million tonnes, up 3.2 million tonnes over the 2009-10 production estimate," the USDA said in a report.
The prevalent high domestic prices of soyabean, peanut and sunflower should prompt farmers to bring more land under oilseed cultivation, it said. However, rapeseed planting could face stiff competition from wheat, winter-grown chick peas and lentils, the USDA added. The USDA pegged the production of oilseeds (including soybean, peanut, copra, cottonseed, rapeseed/mustard and sunflower seed) in 2009-10 at 31.7 million tonnes.
Meanwhile, the USDA also estimated that the total edible oil production in 2010-11 would rise by 13 per cent over the last year at 7 million tonnes. "Most of the increase is likely to be for peanut, rapeseed and soyabean oil," the USDA said.
The oilmeal output was forecast at 15.2 million tonnes for 2010-11, up by about 13 per cent over the last year on larger crushing and higher oilseed production, the report said. Revising the oilmeal production estimate for 2009-10, the USDA said, "An estimated decline in crushing of oilseeds in 2009-10 would bring oilmeal production down to 13.5 million tonnes."
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