Oilseed exports from India expected to grow 10-15 per cent this fiscal: IOPEPC

New Delhi, June 26 (KNN) Indian Oilseeds and Produce Export Promotion Council (IOPEPC) Vice-chairman Rutuparna Dole said that going by the current situation, the oilseed exports are expected to grow by 10-15 per cent during this fiscal.

In 2022-23, the oilseed exports rose by over 20 per cent to USD 1.33 billion (around Rs 10,900 crore). The main oilseeds exported from India include are groundnut, sesame, soybean, castor, niger, and sunflower.

"The government is providing a lot of support to us. They are giving certified seeds to farmers, which is very important. We are conducting awareness programmes. This all together will help us increase our exports," Dole added.

Former Chairman Indian Oilseeds and Produce Export Promotion Council (IOPEPC) Khushwant Jain said the order books are good and "we expect healthy growth this year also."

Soybean and groundnut occupy 61 per cent and 23 per cent, respectively of the total kharif oilseeds area, he said adding the planting of sunflower stands at 19.7 per cent and sesame at 12.4 per cent.

As per reports, the state of Madhya Pradesh alone has one-third (34.64 per cent) of the national oilseeds area followed by Maharashtra (22 per cent), Gujarat (13.53 per cent) Rajasthan (11.43 per cent), Karnataka (5.04 per cent), Andhra Pradesh (5.02), Uttar Pradesh (2.66 per cent), Telangana (1.74 per cent) and Tamil Nadu (1.21 per cent).

"Significant increase in acreage will help in boosting production this year and this means we will be able to export more," Jain said.

Currently, the key export destinations for India include Indonesia, Vietnam, China, Malaysia, the Philippines, and the European Union.  (KNN Bureau)