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India's oil-seed exports may rise by 10-15 pc this fiscal

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India's oilseed exports are projected to rise by 10-15 percent during this fiscal as traders are receiving good orders from regions like Southeast Asia, Latin America and Africa, according to exporters. In 2022-23, the oilseed exports rose by over 20 percent to USD 1.33 billion (around Rs 10,900 crore). The main oilseeds exported by the country are groundnut, sesame, soyabean, castor, niger, and sunflower.

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". Soyabean and groundnut occupy 61 percent and 23 percent, respectively of the total kharif oilseeds area, he said, adding the planting of sunflower stands at 19.7 percent and sesame at 12.4 percent. He said Madhya Pradesh alone has one-third (34.64 percent) of the national oilseeds area, followed by Maharashtra (22 percent), Gujarat (13.53 percent), Rajasthan (11.43 percent), Karnataka (5.04 percent), Andhra Pradesh (5.02), Uttar Pradesh (2.66 percent), Telangana (1.74 percent) and Tamil Nadu (1.21 percent).

"Significant increase in acreage will help in boosting production this year, and this means we will be able to export more," Jain said. The key export destinations for India are Indonesia, Vietnam, China, Malaysia, the Philippines, and the European Union. Indian Oilseeds and Produce Export Promotion Council (IOPEPC) Vice-chairman Rutuparna Dole said that going by the current situation, "we expect a growth of 10-15 percent". He said that groundnut and sesame seeds account for 80-85 percent of total oilseed exports. "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 programs," Dole added.