20/03/2012 (Bloomberg) - Oilseed production in India, the world’s largest palm oil importer, may climb 2.3 percent this year on bigger harvests of soybeans and peanuts, the Central Organization for Oil Industry and Trade said.

Production may increase to 26.02 million metric tons in the 2011-2012 crop season from 25.44 million tons a year earlier, B.V. Mehta, joint convener of the organization’s crop committee, said in an e-mailed statement today.