May 24, 2021
‘Developments augur well for the oilseed sector’
The Solvent Extractors’ Association (SEA) of India feels that acreage under oilseeds may witness a massive rebound during Kharif.
In a letter to the members of SEA of India on Monday, Atul Chaturvedi, President of SEA of India, said that IMD has forecast a normal monsoon (96 to 104 per cent of LPA) and expected to touch Kerala by May 31.
Stating that this would be the third consecutive year of normal monsoon, he said: “With monsoon likely to be normal and farmers having received very good prices for oilseed, we feel acreage under oilseed may witness a massive rebound during Kharif. Coupled with the new found enthusiasm among farmers, the Government has also launched the much-delayed National Mission on Oilseeds. All these developments augur well for the oilseed sector and would go a long way in working towards Aatmanirbharta.”