date:Mar 15, 2013
Total market year (MY) 13/14 oilseed production is forecast at 54.9 million tons from a planted area of 24.7 million hectares (MHa), both down 0.5 per cent and 2.2 per cent from MY12/13, respectively. Rising consumer affluence is driving demand for animal and fish protein and consumption of vegetable oils.
In response, advancements in concentrated animal and aquatic production, growth in the feed industry and expansion in the crushing sector are spurring demand and need for imports to supply fe