Oilseeds production in India is going to move up. A new report says oilseeds growth in the country will be 16 per cent higher at 26.9 million tonnes during the fiscal as against 23.3 million tonnes produce in 2006-07.
"During 2007-08, oilseeds production is projected at 26.9 million tonnes, revealing 16 per cent per cent higher than the 23.3 million tonnes produced in 2006-07," Centre for Monitoring Indian Economy said in its latest report.
Apart from the yield, area under oilseed cultivation is expected to go up by 1.3 million hectares to 28 million hectares during 2007-08.
The report said the expected increase in oilseeds production would largely contribute toward a higher 5.5 per cent growth in non-food crop production during 2007-08 as against 1 per cent decline in 2006-07.
"As a result of expected increase in oilseed production during the year, the crop production too is projected to grow by 2.6 per cent in 2007-08 as against 0.3 per cent increase estimated for 2006-07,"