CRITICALITY OF OILSEEDS IN INDIA'S DEVELOPMENT ODYSSEY
- Credit Rating Agency in India
- Industry Report
- CRITICALITY OF OILSEEDS IN INDIA'S DEVELOPMENT ODYSSEY
Oilseeds and edible oils are some of the most sensitive essential commodities in the world. Globally 680.35 million metric tonnes (MMT) of Major Oil seeds and 227.18 MMT of vegetable oil were produced in 2024-25, representing a growth of 3.5 and 2.4 per cent over the last year. Brazil (175.76 MMT), United States (128.48 MMT), China (68.96 MMT), Argentina (58.19 MMT), and India (43.03 MMT) are some of the major producers.
Oilseeds are an important input in the food and energy industries. They also find use in the industrial sector. While edible oils are used in cooking in the food industry, oilseeds are used to produce biofuel in the energy industry. Oilseed products, namely Oilseed cakes are used in the food fortification and fertilizer industries.
The oilseed production is determined by the consumption habits of people across regions the world over. Hence, global and domestic consumption patterns vary largely. Soybean, Rapeseed (Mustard), Sunflower, Peanut, Cottonseed, Palm, and Copra are the major oilseeds produced globally. In the case of India, 9 major and 5+ minor oilseeds are produced. Rapeseed, Soybean, and groundnut are the major oilseeds produced in India.