In 2023, India's cottonseed oil stock was recorded at -16,000 metric tons, reflecting a deficit situation. Forecasts for 2024 to 2028 show a gradual increase in the deficit, with consistent negative stock variations each year. The year-on-year variation shows an increasing deficit trend: -12.5% in 2024, -5.6% in 2025, -9.5% in 2026, and -8.7% in 2027. The estimated Compound Annual Growth Rate (CAGR) for 2028 suggests an annual average change of -12.3%. This trend indicates escalating challenges in closing the gap between production and consumption.
Future trends to watch:
- Monitor technological advancements and productivity improvements in cottonseed oil processing to reduce deficits.
- Assess the impact of government policies on oilseed production and import regulations.
- Analyze changing consumption patterns and their influence on demand-side pressures.