1. Soybean FY16 output estimates revised downwards by 6.21 per cent

Soybean FY16 output estimates revised downwards by 6.21 per cent

According to the revised numbers, there is no change in production of Madhya Pradesh, at 34.125 lakh tonne

By: | Pune | Published: May 4, 2016 5:16 AM

Industry body Soybean Processors Association of India (SOPA) has revised the soyabean production estimates for 2015-16 downwards by 6.21% in its mid-term review. The Indore-based SOPA revised the soybean crop numbers for Kharif 2015 in a meeting attended by soybean processors from Madhya Pradesh and Maharashtra.

Considering the arrivals till date, crushing, exports, domestic consumption and available stock and arrival pattern, it was decided to revise downwards the production of soybean in Kharif 2015 from the earlier estimate of 73.88 lakh tonne to 69.29 lakh tonne.

The highest fall in production of 4.6 lakh tonne, or 17%, was registered in Maharashtra. According to the revised numbers, there is no change in production of Madhya Pradesh at 34.125 lakh tonne. The second largest soybean producer Maharashtra’s production is expected to be 22 lakh tonne, down by 4.594 lakh tonne. SOPA made no change in the production figures of Rajasthan — 7.865 lakh tonne and others, at 5.3 lakh tonne.

According to DN Pathak, executive director, SOPA, there are a couple of reasons for production that is expected to go down in Maharashtra. First, there has been inter-cropping and therefore, the production figures may be affected, and secondly, the productivity has gone down, he said. In several cases, there have been instances when farmers have not gone to harvest because the cost of harvesting is much higher. Pathak said it would be too early to talk about the acreage at this stage. Talks with processors and brokers reveal that the estimated production figures released by SOPA should be right. Last season, SOPA had stated that production estimates of soybean during Kharif 2015 would be 86.426 lakh tonne, which is 3.574 lakh tonne, or 3.97%, lower compared with previous years’ revised estimates of 90 lakh tonne. The carry-over of soybean from last year was then estimated at 9 lakh tonne.

The monsoon’s erratic tenure and moisture levels had then resulted in some loss to the expectation of a bumper crop. While farmers in Maharashtra and Karnataka have been facing a drought-like situation, in MP’s Dewas, excessive rain has destroyed huge swathes of crop.

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