The analysis indicates a consistent year-on-year decline in rapeseed and mustard oil stocks in India from 2024 through 2028. The stock variation in 2024 is projected to be -110,000 Metric Tons, escalating to -156,000 Metric Tons by 2028. When compared to the previous year's data, there's an annual decrease in storage levels, depicting a worrying trend of stock depletion. Several factors contribute to this trend, including increased domestic consumption and potential export demands.
In 2023, the stock level stood at a higher position relative to the forecasted decline starting from 2024, suggesting a shift in supply-demand dynamics. Over the past years, as we forecast into 2028, there’s a compound annual growth rate indicating a decline in stocks.
Future trends to watch for include domestic policy changes affecting oilseed cultivation, the impact of climate change on agricultural yields, and international trade policies affecting import and export volumes. Monitoring these factors is crucial for stakeholders aspiring to stabilize the market and ensure sustainable stock levels.
