India's rapeseed consumption at the farm gate is forecasted to see steady growth from 2024 to 2028. The consumption forecast for 2024 is 9.4 million metric tons, with a slight increase in subsequent years, reaching 10.01 million metric tons by 2028. This indicates a compound annual growth rate (CAGR) of approximately 1.57% over the five-year period.
Future trends to watch include:
- Potential impacts of climate change on rapeseed production
- Shifts in agricultural policies in India
- Global market shifts in demand for rapeseed-based products
- Technological advancements aimed at increasing crop yields
