Monday, July 7, 2008

Breaking News-DJ FOCUS:India Oilseeds Outlook Good Despite Weakening Rains

SINGAPORE (Dow Jones)--Patchy rains have slowed oilseeds planting in key southern and central Indian provinces in the past 8-10 days, but there's no likelihood yet of a drop in acreage or output this year, industry officials said Monday. Moreover, planting has been progressing well in western India which received ample rainfall, raising hopes of a net increase in acreage, they said.