In wake of unsatisfactory oilseed production this year, India’s yearly edible oil import bill is estimated to reach around Rs 650 billion fuelled by import of 15 million tonnes of cooking oil. Due to lower production of soybean in India, major exporters such as Argentina, the United States and Brazil will increase their sales of animal feed Asian purchasers namely Bangladesh, Vietnam and Japan. Indian oilseed crushers compete with Indonesia, Malaysia, Brazil and Argentina, reducing demand for local rapeseed and soybeans.