Eleven of the participants polled expected a smaller soybean crop this year, three estimated a larger crop, and one expected production to remain largely unchanged. Its soybean output is about 130 mt. “The weather phenomenon was a repeat of last year’s problems, getting erupted in no time. Some farmers are buying quality soybean at Rs 4,400 for sowing next year. The crop has been affected in parts of Maharashtra too but details are awaited. The Soybean Processors Association of India (SOPA) has revised estimates for the kharif 2019 soybean production from 89.94 lakh tonne to 93.06 lakh tonne. We are offering soybean. The revision is only for Maharashtra from 36.295 lakh tonne to 39.416 lakh tonne. (58% of total soybean production) Maharashtra. 2). There are about 14,000 soybean producers in Bolivia. The estimated domestic consumption of soybean meal for feed increased from 47.5 lakh tonne to 50 lakh tonne. “The production could, however, be higher than last year. Maharashtra, Rajasthan, Karnataka, Andhra Pradesh, and. In Madhya Pradesh, the soyabean area has gone up by about 12% in 2020-21 and crop production is estimated to be around 58.530 lakh tonne, as against 40,107 lakh tonnes in 2019-20. “Rates that farmers get for soybean depend on the quality of the beans. The total income from 1-acre soybean cultivation. Soybean Production. With a capacity of over 13 million tons per annum, Rajasthan accounts for over 15% of India’s cement production. During May and June, the period ahead of sowing, soybean prices peak to as high as Rs 7,000 due to demand and lack of stocks. The net profit from 1-acre soybean farming. On Chicago Board of Trade, soymeal December contracts closed at $384.5 (Rs 28,400) a tonne. Soybean crop in Rajasthan will not be affected despite pest attack in certain areas of Rajasthan, according to Soybean Processors Association of India (SOPA). Bharatpur comes at first place on the basis of area and production of rapeseed-mustard crops in Rajasthan… Third, Indian exporters can offer consignments in smaller parcels such as 5,000 tonnes to global buyers. Ideas For Profit | Value innerwear players in a sweet spot, what should investors do? Coronavirus News highlights: Kerala reports 6,268 fresh COVID-19 cases, 28 deaths, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation. “The production costs will go up for soybean processing units as the Indian crop quality has been affected, the beans suffer discolouration and oil yields from beans are much lower,” said SOPA’s Jain. Farmers in Argentina, the third-largest global producers, are not showing any interest to sell. Besides this, small quantities of soybean are directly going to the soybean processing units as the Union Government has given the freedom to farmers to bypass the APMC and sell to any buyer of their choice. The. SOPA has pegged soybean production in Madhya Pradesh at 41.77 mt against 40.1 lakh tonnes last year and in Maharashtra at 45.44 mt compared with 39.41 mt last year. The optimal planting period is mid-June to mid-July. Baran is the highest soybean cultivating district in Rajasthan with a production of 155787 MT. Copyright © 3-Point Analysis | What factors will drive the markets in 2021? of Rajasthan. US nurse tests positive for COVID-19 after receiving Pfizer vaccine, UK nod to Oxford-AstraZeneca COVID-19 vaccine strengthens case for India approval, Centre writes to states, asks them to follow SOPs as new coronavirus strain reaches India, India extends UK flight suspension till January 7. Soybean is cultivated over an area of 11.00 million ha and the production is 11.53 million tonnes registering a productivity of 10.45 q/ha (QE 2015-16) under Vertitsol in the rainfed ecosystem in Madhya Pradesh, Maharashtra, Rajasthan, Karnataka, Chhattisgarh and 2021 Kharif Crop (May - Oct) — (Last Chart Updated on 12/17/2020) Subregions: Select a SubregionMadhya PradeshMaharashtraRajasthan. “At least 75-80 percent of our crop has been affected. Soybean crop estimates ranged between 9.0 mln tn and 14.0 mln tn for 2019-20, as against 9.5-13.8 mln tn for last year. Across the country, soybean planting came down to 107.613 lakh hectare in 2019 against 108.396 lakh hectare. Similarly, in Rajasthan, the area and production are likely to increase, it said. In recent years, cultivation of soybean is fast expanding in the states of Telangana, Karnataka and Gujarat. Agriculture Production in Rajasthan As per preliminary forecast for the year 2019-20, the total food grain production in the State is expected to be 249.88 lakh tonnes which is a decrease of 8.06 per cent as compared to production of 231.25 lakh tonnes for the previous year. Though farmers have a good drainage system on their farms, heavy rains rendered them helpless. SOPA’s Jain said the Dewas region received 13 inches of rain in a day, affecting farmers badly. Its production is nearly similar to corn production. Anjana said that rains and virus attack forced some farmers to burn their crop and clean their farms. In Rajasthan, soybean production touched 6.560 lakh tonne with soybean planted on some 9.627 lakh hectare. At Sanwer and Indore APMCs, most of the trades have taken place at Rs 3,860-3,880 a quintal. 2020 soybean production by state Year Period Please Select Year 2020 - Kharif 2019 - Kharif 2018 - Kharif 2017 - Kharif 2016 - Kharif 2015 - Kharif 2014 - Kharif 2013 - Kharif 2012 - Kharif 2011 - Kharif 2010 - Kharif 2009 - Kharif 2008 - Kharif 2007 - Kharif The cement industry in Rajasthan is witnessing significant growth in recent years. In Maharashtra, 1.34 lt of soybeans have arrived against 1.18 lt last year and in Rajasthan, the arrivals have been put at 1.13 lt against 75,000 tonnes last year. But farmers must appreciate the quality variations. The South American nations are the world’s largest producer of soybean this year. District Bharatpur has been purposively selected for the study, looking to its typical and apt representation of the state with respect to rapeseed-mustard production. Soybean production in India this year will be lower than projections of about 105 lakh tonnes (lt) as the crop has suffered heavy damage in Madhya Pradesh, the hub of the soybean industry. Soybean production in India was 13 million tonnes in 2016-17 with Madhya Pradesh, Maharashtra and Rajasthan being the larger producers. Click here to join our channel and stay updated with the latest Biz news and updates. The main soybean producing states are Madhya Pradesh (53 percent), Maharashtra (34 percent), and Rajasthan (8 percent). It has an average protein content of 40% and oil content of 18% - 20%. But, soybean production … One, it is produced from the non-genetically modified crop. 172@29@17@249!~!172@29@0@53!~!|news|business|commodities|soybean-suffers-extensive-damage-in-madhya-pradesh-production-likely-to-be-lower-than-estimates-6008691.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, Global cotton prices likely to gain on four-year low production, higher Chinese imports, Tea Board turns down proposal to allow imports at lower duty, India’s maize exports at 6-year high on record imports by Bangladesh, Farmers' Protest Highlights: Punjab Governor to summon Chief Secy, DGP over vandalism of over 1600 mobile towers, UK approves Oxford-AstraZeneca COVID-19 vaccine, roll out to begin next week, Lockdown restrictions in Maharashtra extended till January 31, Webinar Presented by Knowlarity & Freshworks, Trade setup for Thursday: Top 15 things to know before Opening Bell. “If farmers delay buying beans for seed purpose, they might have to pay a higher price closer to the sowing period,” he said. Nature fit Soybean Oil, Packaging Type: Plastic Container, Packaging Size: 5 litre. Copyright © e-Eighteen.com Ltd All rights resderved. In Indore, the benchmark market, soybean was sold `100- `150 lower at `3,600-`3,650 per quintal. Based on the survey, the total Kharif soybean production has been revised from 89.94 lakh tonne to 93.06 lakh tonne. There is no change in the crop estimates of other states. Climatic and Soil. (Subramani Ra Mancombu is a journalist based in Chennai, who writes on topics in commodities and agriculture), Coronavirus Essential | Centre asks states to follow SOPs as new COVID-19 strain spreads; US nurse tests positive after getting the vaccine. SOPA’s Jain said farmers were getting as much as Rs 4,300-4,400 a quintal for delivering fair average quality (FAQ) soybeans directly to processing units. Cultivation of Soybean. Pradesh, Maharashtra, Rajasthan, Chhattisgarh, Andhra Pradesh, and Karnataka. 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