India's edible oil output to hit all-time high of 7.7 mn tonnes in 2017-18

September rainfall raises prospects of better rabi crop after a poor kharif oilseed output this year

With the even spread of rainfall in the second half of the current monsoon season raising prospects of better kharif oilseed output, edible oil production in the crushing season 2017-18 is likely to be the highest ever in the country.

Indore-based GGN International, one of India’s largest research firms, forecasts total edible oil production in the country at 7.66 million tonnes for the oil year (November–October) 2017-18, compared to 7.05 million tonnes in the previous year. With an increase in opening stock of a record 2.42 million tonnes, India’s edible oil availability from domestic sources is estimated at an all-time