 "Kharif oilseed output to decline 6%: COOIT")
Oilseed output in India is likely to decline six per cent on lower acreage and yield due to delay in the monsoon rainfall this kharif harvesting season.
Data collated by the apex trade body, the Central Organisation for Oil Industry & Trade (COOIT), showed India’s oilseed output at 27.64 million tonnes during the ongoing kharif harvesting season as compared to 29.35 million tonnes in the same season last year.
Soybean sowing reported a decline of 1.2 million hectares to 11.02 million and groundnut recorded a fall by 0.6 million hectares to 3.73 million hectares. COOIT estimates output of soybean and groundnut, the two leading varieties, at 9.17 million tonnes and 3.57 million tonnes this season as against 9.5 million tonnes and 4.72 million tonnes in the same season the previous year.
Data collated by the apex trade body, the Central Organisation for Oil Industry & Trade (COOIT), showed India’s oilseed output at 27.64 million tonnes during the ongoing kharif harvesting season as compared to 29.35 million tonnes in the same season last year.
Soybean sowing reported a decline of 1.2 million hectares to 11.02 million and groundnut recorded a fall by 0.6 million hectares to 3.73 million hectares. COOIT estimates output of soybean and groundnut, the two leading varieties, at 9.17 million tonnes and 3.57 million tonnes this season as against 9.5 million tonnes and 4.72 million tonnes in the same season the previous year.