El Niño impacts India's edible oil supply and prices
after close1 source ↓written by the desknot a recommendation
- in cultivated land
- 40% drop
India's edible oil sector faces fresh pressure as the El Niño weather pattern disrupts the southwest monsoon. Key oilseed crops like soybean and groundnut are suffering due to 40% drop in cultivated land and reduced soil moisture, leading to lower yields and rising import reliance. This situation raises concerns about food supply and prices.
Not investment advice. For informational purposes only.