A Snapshot of Indian Oilseeds Production and Prices Oilseeds production is expected to be 30.53 MMT for 2011/12 against last year's 32.48 MMT. Peanut is the major loser, with production likely to be 6.94 MMT compared to 8.265 MMT in 2010/11.The area under some oilseeds in the Rabe (April) harvest is down. The overall area is expected to decline, according to reports from the Solvent Extractors Association (SEA).While oilseed and oilcake prices have not increased on the news of lower production, vegetable prices in the market have strengthened in response to the smaller oil crop in India.India is the world's biggest oil buyer. Imports in January 2011 were 700,000 MT, up from 691,780 MT in January 2010. India is likely to import even more...