In­dia’s soy­bean out­put to in­crease 38% to 11.4 mt

Business Standard - - HEALTH - DILIP KU­MAR JHA

In­dia’s soy­bean out­put is likely to rise by a 38 per cent to 11.48 mil­lion tonnes this year com­pared to 8.36 mil­lion tonnes in the pre­vi­ous year.

The sharp rise is due to the in­crease in the aver­age yield across the coun­try, fol­low­ing favourable weather con­di­tions in ma­jor cul­ti­vat­ing states in­clud­ing Mad­hya Pradesh, Ma­ha­rash­tra and Ra­jasthan.

The data cap­tured through the lat­est as­sess­ment of farm­ers, traders and other stake­hold­ers by the apex in­dus­try body, the Soy­bean Pro­ces­sors’ As­so­ci­a­tion (SOPA), showed, dur­ing the cur­rent sea­son, the soy­bean acreage jumped by 6.7 per cent to 10.84 mil­lion hectare from 10.16 mil­lion hectare in the pre­vi­ous sea­son.

Aver­age yield jumped by 29 per cent to 1059 kg per hectare for the cur­rent har­vest­ing sea­son from 823 kg per hectare in the pre­vi­ous sea­son.

“Based on an ex­haus­tive sur­vey, we es­ti­mate In­dia’s soy­bean out­put to re­main at 11.48 mil­lion tonnes this year com­pared to 8.3 mil­lion tonnes in the pre­vi­ous year ow­ing to favourable cli­matic con­di­tions,” said D N Pathak, spokesper­son, SOPA.

The sur­vey finds a 41 per cent in­crease in soy­bean out­put in Mad­hya Pradesh to 5.92 mil­lion tonnes for the cur­rent sea­son from 4.2 mil­lion tonnes last year.

To­tal yield in the state is es­ti­mated to rise by 30.5 per cent to 1094 kg per hectare for the cur­rent sea­son from 838 kg from the pre­vi­ous sea­son.

To­tal acreage un­der soy­bean jumped by 8 per cent in Mad­hya Pradesh to 5.41 mil­lion hectare this year from 5 mil­lion hectare last year.

The sur­vey pre­sented a sur­pris­ing pic­ture in Ma­ha­rash­tra de­spite droughts in many agri­cul­tural pock­ets in the state.

Soy­bean out­put in Ma­ha­rash­tra is es­ti­mated to rise by 32 per cent to 3.84 mil­lion tonnes for this year com­pared to 2.91 mil­lion hectare last year. Known for its drought re­sis­tance na­ture, the crop’s yield in the state jumped by 25 per cent to 1054 kg per hectare this year from 843 pre­vi­ous year.

Farm­ers brought in 5.5 per cent of ad­di­tional area which lifted over­all sow­ing un­der soy­bean cov­er­age at 3.64 mil­lion hectare this year from 3.45 mil­lion hectare last year.

The Union Min­istry of Agri­cul­ture in its First Ad­vanced Es­ti­mate fore­cast In­dia’s over­all soy­bean out­put at 13.46 mil­lion tonnes for the cur­rent year as com­pared to 10.98 mil­lion tonnes for 2017-18.

De­spite in­crease in over­all out­put, soy­bean prices has been mov­ing up for quite some­time now. Over­all soy­bean prices have jumped by around 20 per cent in the last two months fol­low­ing in­crease in the min­i­mum sup­port price (MSP) of this kharif sown crop.

The gov­ern­ment has fixed soy­bean MSP at ~3399 a quin­tal for 2018-19 as com­pared to ~3050 a quin­tal for the pre­vi­ous year.

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