Soya Bean: Production in India is expected to fall by 13%
September 9, 2017 at 8:31 AM ,
Rainbow Exports
Soybean production in India is expected to fall by 13%
New Delhi: The production of soybean in the country is estimated to be 13.5 million tonne in the year 2017-18; The Indian branch of the US Agency for Agriculture (USDA) has expressed this estimate. In July, the USDA estimated production of soybean in India at 11.5 million tonnes.
According to the Ministry of Agriculture, so far soybean sowing has been done in 10.5 million hectare in the country, which is 7.2% less than the same period last year. Sowing of soyabean in Madhya Pradesh sowing area has declined from 5.36 milllion hectares in last year's to 5.01 million hectares.
The USDA branch has released the estimated total oilseed production in the year 2017-18 from 38.6 million tonnes to 35.9 million tonnes. In the country, due to irregular rainfall and drought from June to mid-July, the estimation has been cut from the impact of sowing. This is the reason why the farmers turned towards other crops like cotton, Pulses and vegetables, instead of oilseeds.
Even with the low cost of oilseeds, the farmers reduced their interest in sowing and reduced the area. It has been stated in the report that these days oilseeds prices are 20-30% less than the same period last year. Import of edible oils in the country has been projected to increase by 10 percent to 16.6 million tonnes. Imported edible oils will contain 100 million tonnes of palm oil, 4.2 million tonnes of soybean oil, 2 million tonnes of sunflower oil and the rest of the oil.
In 2017-18, soymeal exports are likely to fall by 11% to 2.4 million tonnes from last year's estimates.
Soymeals exports up 86% in August: SOPA
Indore: The export of Indian soymeals reached 50,000 tonnes in August 2017, which was 27,000 tonnes in August 2016. In this way, soymeal exports increased by 86% compared to the same period last year. This information was given by Soybean Processors Association of India (SOPA)According to SOPA, the export of soymeal during the current financial year April 2017 to August 2017 was 0.557 million tonnes, which was 0.147 million tonnes in the same period as last financial year. In this way, it increased 280%.
Oil, in the current year 2016-17 (October-September) i.e. from October 2016 to August 2017, 1.735 million tonnes of soymeal was exported, which was 0.375 million tonnes in the same time as previous oil year. In this way, the increase was 362.13 %.
In August, big importers were Bangladesh, Nepal, Indonesia and European countries, etc. Bangladesh bought 25,212 tonnes, European countries 6,375 tonnes, Indonesia 5,518 tonnes and Nepal 5,000 tonnes oil meals.
View related articles
