The rapeseed supply in India is set to increase progressively from 12.29 million metric tons in 2024 to 13.0 million metric tons by 2028. Compared to the estimated supply in 2023, which stood at 12.1 million metric tons, this indicates a steady growth pattern. The year-on-year growth rate from 2024 to 2028 ranges from approximately 1.5% to 1.6%, reflecting a consistent upward trend. The compound annual growth rate (CAGR) over these five years is projected at around 1.4%.
Future trends to watch for:
- Changes in agricultural policies could influence production volumes.
- Climate change impact on crop yields and overall supply levels.
- Technological advancements in farming practices enhancing productivity.
- Shifting demand for rapeseed oil as dietary preferences evolve.
- Potential volatility in global markets affecting export and import dynamics.
