The soybean oil production in India is forecasted to gradually decrease over the next five years, starting from 1.38 million metric tons in 2024 down to 1.34 million metric tons by 2028. This represents a slow yet consistent decline, with a year-on-year decrease of approximately 0.72% each year. This trend reflects a compound annual growth rate (CAGR) of approximately -0.72% from 2024 to 2028, indicating a steady contraction in production. As of 2023, the production level stood at approximately 1.39 million metric tons.
Future trends to watch for include potential shifts in agricultural policies, climate change impacts, technological advances in cultivation, and fluctuations in domestic and international demand, all of which could significantly influence soybean oil production volumes in the coming years.
