Soybean output likely to witness 11-year low - Dollar Advisory & Financial Services

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Monday 4 July 2016

Soybean output likely to witness 11-year low

India’s soybean output is calculable to be rock bottom in eleven years in crop year 2015-16 (July-June), once 2 years of drought, leading to crop harm and a fall in yield.

Data compiled by the Soybean Processors’ Association of Republic of India (Sopa) showed output at seven.5 million tonnes now, against 10.4 mt the previous year, a decline of twenty seven per cent.

There has been a delay in sowing, because the monsoon was delayed in some elements of Rajasthan, Madhya Pradesh and geographical region. These 3 states account for eighty per cent of the national output. downfall has conjointly been inadequate in some areas of geographical region and MP.

Says D N Pathak, executive, Sopa: “Farmers with irrigation facility have started sowing however rain-dependent ones area unit nonetheless to begin. Farmers would possibly face issues just in case the rain isn't even in geographical region, Madhya Pradesh and Rajasthan.”

Soybean may be a 90-day kharif crop. Sowing begins with the onset of monsoon in Gregorian calendar month, for gather within the half of Gregorian calendar month.

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