In 2023, the oil crops yield in India was 15.99 thousand hectograms per hectare. Over the past decade, the yield has shown fluctuation with year-on-year variations reflective of complex factors impacting agricultural productivity, from a high of 16.06 in 2018 to a low of 12.93 in 2015. The last two years saw stable year-on-year growth: 1.04% in 2022 and 1% in 2023. The CAGR over the past five years stands at -0.09%.
Future forecasts from 2024 to 2028 predict a consistent upward trend with a forecasted 5-year CAGR of 0.8%, expecting the yield to progressively increase to 16.82 thousand hectograms per hectare by 2028. The overall forecasted 5-year growth rate is projected at 4.06%.
Trends to watch for:
- Impact of new agricultural technologies and practices on yield improvement.
- Government policies and subsidies aimed at enhancing crop productivity.
- Climate change and its potential adverse effects on agricultural output.
- Market demand and international price fluctuations of oil crops.
