Soybean output to rise by 30% this year
In a major relief to the government and farmers alike, India’s soybean output is likely to rise by a staggering 30 per cent this year, on an increase in acreage as well as favourable agro-climatic condition.
Data compiled by the United States Department of Agriculture (USDA) showed India’s soybean output at 11 million tonnes this year. The world’s premier agriculture output forecasting agency had earlier estimated India’s overall soybean output at 10.3 million tonnes.
The global agency was perhaps prompted to revise its soybean output estimates upwards primarily on supportive agro climatic condition in major producing states including Madhya Pradesh, parts of Maharashtra and Andhra Pradesh. Despite half the villages in Maharashtra being drought-prone, some agri zones in the state received normal and abovenormal rainfall during the southwest monsoon season 2018.
“We had witnessed an exceptional year in terms of soybean output during kharif season 2017. This year, however, acreage under soybean has increased due to farmerfriendly government policies. In fact, farmers received good price for their soybean, which prompted them to bring in additional area under the oilseed this year.