Kharif oilseed crops to rise to 177 l tonne in 2008-09

Written by Commodities Bureau | Mumbai, Sep 26 | Updated: Sep 27 2008, 07:05am hrs
Total oilseeds crops are expected to rise to 177 lakh tonne during the current kharif period of the oil year 2008-09 from 171 lakh tonne recorded during the season 2007-08, an increase of 6 lakh tonne, according to G G Patel, managing partner of Dipak Enterprises.

The largest increase is expected to be in soya bean where production may increase by 7 lakh tonne to 107 lakh tonne from 100 lakh tonne in the previous season. The production of castor seed may increase by around one-lakh tonne, Patel said at the annual general meeting (AGM) of the Solvent Extractors' Association of India (SEAI) here on Friday.

"There was very good rainfall all over the country from second week of the current month and this has considerably changed the picture for kharif crops.

The area under kharif crop is 179 lakh hectare as on September 19 against the total final area of 177.5 lakh hectare, as reported by the government," he said.

During the current season, total groundnut crop in the country is expected to decrease by one lakh tonne to 49 lakh tonne from 50 lakh tonne in the previous season.

Castor seed crop is estimated at 10.50 lakh tonne from 9.10 lakh tonne, thanks to increase in area by one-lakh hectare, he added.

Total availability of edible oil during the kharif season is estimated lower at 46.16 lakh tonne from 50.13 lakh tonne in the previous year, down by 3.97 lakh tonne.

"I estimate that our import will reach to 53 lakh tonne edible oils during the season 2007-08 and it may increase by 2-3 lakh tonne during the season 2008-09 provided we have better rabi crop," he said.