The sunflower supply in India is projected to decline steadily from 2024 to 2028, with values decreasing from 132.0 thousand metric tons in 2024 down to 32.0 thousand metric tons in 2028. As of 2023, sunflower supply stood at [insert the actual 2023 figure here], which highlights a noteworthy year-on-year variation. Between 2024-2025, supply is expected to decrease by 18.9%, followed by a steeper decline of 24.3% from 2025 to 2026. Subsequently, 2026-2027 sees a reduction of 29.6%, and from 2027-2028, the supply is forecasted to drop by 43.9%. The compound annual growth rate (CAGR) over this forecast period is approximately -28.8%, indicating a significant downward trajectory.
Future trends to watch include potential shifts in agricultural policies and climate change impacts which could influence the cultivation of sunflowers in India. Additionally, advancements in agricultural technology and shifts in market demand may alter production forecasts. Monitoring global sunflower oil prices and domestic oilseed policies will be crucial in understanding future supply dynamics.
