The global production of rapeseed and its oil is around 38-42 and 12-14 million tons.
China (11-12 million tons), EU (10-13 million tons), Canada (6-7 million tons) and India (4-7 million tons) are the world's major producers.
4.5-6, 1.5 and 2.5 million tons of seed, oil and meal are traded globally.
Canada (2.5-3.5 million tons) and Australia (1.5 million tons) are major exporters, while Japan (2 million tons) and Mexico (1 million tons) are the major importers of seed.
Canada is the major exporter of oil too. US is the major importer of oil.
Major global Trading Centres
Winnipeg Commodity Exchange at Canada trades in canola (hybrid mustard) futures.
Indian Scenario
India produces 4-7, 1-2, 2-4 million tons of seed, oil and mustard.
India does not export or import seed and oil. Meal is exported.
Rapeseed & mustard is cultivated in the rabi season (Oct-Nov to Feb-Mar). Production is highly dependent on the weather.
The major growing states are Rajasthan (40%), Uttar Pradesh (16%), Haryana/Punjab (15%).
The oil content varies between 36-42%, with average oil recovery of 34-35%. The remaining is used as rapeseed meal cake.
India exports around 4 lakh tons of meal.
India in World Rapeseed Industry
Rounded figs.)
India
World
% Share
(In million tons)
Annual Seed Production
6
40
15
Annual Oil Production
1.5
13
11.5
Annual Oil Consumption
1.5
13
11.5
Annual Meal Exports
0.4
3
13.3
Annual Meal Consumption
2.5
20
12.5
Major Trading Centres in India
Hapur, Jaipur, Delhi, Kolkata, Mumbai, Indore, Alwar, Bharatpur, Jaipur, Sriganganagar in Rajasthan; Lawrence Road at Delhi are the major trading centers for rapeseed
Factors Influencing Rapeseed Oil Markets
Prices of major domestic and internationally traded oils and oilseeds, viz., soy, palm and groundnut.
The Southwest monsoon, which determines the area coverage and crop yield during the forthcoming rabi season. This also determines the khariff oilseed production, which also has a significant influence on mustard seed/oil prices.
The growing conditions during rabi - frost, pest.
Stockists and speculators dominate the rapeseed trade as mainly small units carry out crushing.
