Soy­bean out­put to rise by 30% this year

Business Standard - - ECONOMY - DILIP KU­MAR JHA Mum­bai,10 November

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.

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