India: Oilseeds and Products Update
Link to report:
Post revises India's marketing year 2026/27 soybean acreage and production estimates down due to erratic monsoon rains and farmer diversification toward cotton and corn. Post revises soybean imports up supported by favorable harvests among African suppliers. Soybean oil production is revised down on weaker oilseed output. Palm oil export estimates are revised up on stronger packaged exports amid price swings, while ending stocks are trimmed. Sunflower oil consumption and imports are both revised sharply up. Soybean meal production falls in line with lower crush, even as feed costs surge and poultry output contracts; consumption remains comparatively resilient. Soybean meal exports are projected to fall to a four-year low amid high domestic prices, tight supply, and shipping disruptions, while ending stocks decline accordingly.
