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Soybean output seen falling 15.3% year-on-year: Industry body

Soybean output seen falling 15.3% year-on-year: Industry body


By Reuters | 26 Oct, 2015, 03.57PM IST

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MUMBAI: India is likely to produce 7.2 million tonnes of soybeans in 2015, down 15.3 percent from last year, due to erratic rainfall in the top two producing states, head industry body told Reuters on Monday.

Lower-than-expected soybean output would force India to increase imports of edible oils and limit its ability to export soymeal, which is made from soybeans.

"Dry weather in Maharashtra hit productivity. In Madhya Pradesh excessive rains caused damage," said Laxmichand A ..


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