Tuesday, 12 September 2017
This season, India can reduce production of soybeans
In 2017/18 MG (October-September) soybean production in India may decline by 22% in comparison with level of the previous season – up to 9 million tons compared to 11.5 million tons, according to Reuters
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As specified, this decrease will be largely due to the reduction in sowing areas of oilseeds 8.4% to 10.5 million hectares. in addition, the negative impact will also have a prevailing dry weather conditions in the States of madya Pradesh and Maharashtra, which together account for about 85% of total soybean production in India.
In this regard, it is expected that soybean prices in the domestic market in the new season may increase, which will also entail a decline in production and exports of soybean meal.
Photo: agrotehnology.com
Translated by service "Yandex.Translation"
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