PTI
NEW DELHI, OCT 14:
Soyabean production in India is expected to rise marginally to 11.1 million tonnes (mt) in the current marketing year, which commenced this month, the United States Department of Agriculture (USDA) has said.
The estimate of the US agency for the 2012-13 marketing year (MY) (October-September) is below the output estimates of the government and industry body Soyabean Processors Association of India (SOPA).
“Based on preliminary field assessments, 2012-13 soyabean production is forecast at 11.1 million tonnes, marginally higher than last year, but down 0.4 million tonnes from the previous estimate,” USDA said in its latest report.
USDA had pegged India’s soyabean output in MY 2010-11 at 11 million tonnes. SOPA expects soyabean production at 12.68 million tonnes in the MY 2012-13, whereas, the first advance estimate of the Agriculture Ministry has pegged the output of the important cash crop at 12.62 million tonnes.
As per government data, the country produced 12.28 million tonnes in the last season.
Soyabean area in 2012-13 marketing year has reached an all time high of 10.7 million hectares, up 3,67,000 hectares from last year, USDA said.
“Late arrival of monsoon rains over major soybean growing regions recouped the much needed soil moisture and encouraged late planting, extending at some places till the end of July,” USDA said.
Low average yield due to late planting will be partially offset by the gain in planted area, it added.
“Strong domestic prices (50 per cent higher than corresponding period last year) of soyabeans were an additional incentive for expanding area to soyabeans,” USDA noted.
According to industry data, the prices of soyabean seed in the market were in the range of Rs 30,000 per tonne in the second week of this month as against an average price of Rs 20,239 a tonne in October, 2011.
NEW DELHI, OCT 14:
Soyabean production in India is expected to rise marginally to 11.1 million tonnes (mt) in the current marketing year, which commenced this month, the United States Department of Agriculture (USDA) has said.
The estimate of the US agency for the 2012-13 marketing year (MY) (October-September) is below the output estimates of the government and industry body Soyabean Processors Association of India (SOPA).
“Based on preliminary field assessments, 2012-13 soyabean production is forecast at 11.1 million tonnes, marginally higher than last year, but down 0.4 million tonnes from the previous estimate,” USDA said in its latest report.
USDA had pegged India’s soyabean output in MY 2010-11 at 11 million tonnes. SOPA expects soyabean production at 12.68 million tonnes in the MY 2012-13, whereas, the first advance estimate of the Agriculture Ministry has pegged the output of the important cash crop at 12.62 million tonnes.
As per government data, the country produced 12.28 million tonnes in the last season.
Soyabean area in 2012-13 marketing year has reached an all time high of 10.7 million hectares, up 3,67,000 hectares from last year, USDA said.
“Late arrival of monsoon rains over major soybean growing regions recouped the much needed soil moisture and encouraged late planting, extending at some places till the end of July,” USDA said.
Low average yield due to late planting will be partially offset by the gain in planted area, it added.
“Strong domestic prices (50 per cent higher than corresponding period last year) of soyabeans were an additional incentive for expanding area to soyabeans,” USDA noted.
According to industry data, the prices of soyabean seed in the market were in the range of Rs 30,000 per tonne in the second week of this month as against an average price of Rs 20,239 a tonne in October, 2011.
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