In 2023, the rapeseed oil supply in India was recorded at 4.26 million metric tons. From 2024 to 2028, the supply is forecasted to display a steady growth, reaching 4.93 million metric tons by 2028. The year-on-year growth indicates a consistent increase in supply, with an average annual growth rate of 2.68%. This linear upward trend reflects efforts to boost agricultural productivity and meet the increasing domestic demand.
Future trends to watch for include:
- Pace of technological advancements in agriculture that could further enhance yield.
- Impact of climate change on crop production.
- Shifts in consumer preference towards healthier oils influencing demand dynamics.
- Government policies promoting oilseed crop cultivation.
