Rapeseed Oil ¡¯s highest export potential is United States. With an export gap of $6.85M. Rapeseed Oil ¡¯s highest import potential is United Arab Emirates with an import gap of $1.07M. See methodology. Find the latest exports, imports and tariffs for Rapeseed Oil trade in India.
How Rapeseed has risen in India?
The rally prompted farmers to allocate more land to rapeseed when they started planting winter-sown crops in November. That, and sufficient soil moisture, has lifted India’s rapeseed production to a record 11 million tonnes, up 28% from a year ago, says Anil Chatar, a trader based in Jaipur, Rajasthan.
Where does India import rapeseed oil?
India imports palm oil mainly from Indonesia and Malaysia, and soyoil from Argentina and Brazil. Six months ago, rapeseed oil was available at a premium of 35% over soyoil, sunflower and palm oil, but it is now trading at par with other edible oils, according to data compiled by the Solvent Extractors’ Association of India.
How much rapeseed oil does India need a month?
India will need to import more than one million tonnes of vegetable oils every month as rapeseed oil supplies will remain limited despite the record crop, predicted a Mumbai-based dealer with a global trading firm, who declined to be named. Get the latest news from India and how it matters to the world with the Reuters India File newsletter.