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India's edible oil imports rose 6.7 per cent in May to nearly 13.39 lakh tonnes mainly due to increase in shipments of crude soyabean oil, according to industry body SEA. Solvent Extractors' Association of India (SEA) on Friday released the May import data for vegetable oils, which comprises edible and non-edible oils. As per the data, edible oils imports increased to 1,338,936 tonnes in May this year from 1,254,883 tonnes in the same month last year. This was driven by imports of crude soyabean oil, which rose to 4,93,854 tonnes from 3,98,585 tonnes during the period under review. Inward shipments of non-edible oils jumped over twofold to 26,202 tonnes last month from 12,040 tonnes in May 2025. As a result, India's imports of vegetable oils (edible and non-edible) during May 2026 increased 8 per cent to 13.65 lakh tonnes as compared with 12.67 lakh tonnes in May 2025, the association said. During the first seven months of the 2025-26 oil year, SEA said the total vegetable oil imp
The production of soybean, known as yellow gold' among farmers, is expected to decline in the country by about 20.5 lakh tonnes this year to 105.36 lakh tonnes, an industry association has said. The Soybean Processors Association of India (SOPA) cited the decrease in soybean acreage and productivity as well as the impact of adverse weather on the crop as reasons for the estimated fall. SOPA on Thursday released its annual report at the International Soy Conclave 2025 in Indore in the presence of hundreds of representatives of the oilseeds industry. According to the report, soybean was sown on 114.56 lakh hectares during the current Kharif season, and its production was 105.36 million tonnes, with an average productivity of 920 kg per hectare. The industry body said that during the 2024 Kharif season, soybean was sown on 118.32 lakh hectares in the country, and the production was 125.82 lakh tonnes, with average productivity of 1,063 kg per hectare. This year, the soybean crop suff
The leafy soybean plants reach Caleb Ragland's thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn't know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans grown in the US, is in effect boycotting them in retaliation for the high tariffs President Donald Trump has imposed on Chinese goods and to strengthen its hand in negotiations over a new overall trade deal. It has left American soybean farmers fretting over not only this year's crop but the long-term viability of their businesses, built in part on China's once-insatiable appetite for US beans. This is a five-alarm fire for our industry, said Ragland, who leads the American Soybean Association trade group. The situation might even be enough to test farmers' loyalty to Trump, although he still enjoys strong support throughout rural America. If no deal is reached soon, they hope the ...
The Centre has procured a record 13.73 lakh tonne of soybean under the Minimum Support Price (MSP) scheme so far in the current marketing season, a senior agriculture ministry official said on Thursday. The procurement, undertaken to protect farmers from falling prices, has surpassed all previous records, with the last highest procurement being 19,483 tonne in 2018-19. "In soybean, we have achieved an all-time high procurement under PSS (Price Support Scheme). This was possible due to special efforts the ministry took to create awareness in states," the ministry official told PTI on condition of anonymity. The procurement represents 41 per cent of the total sanctioned quantity of 33.85 LT and has benefited 5.78 lakh farmers till January 13 of the 2024-25 kharif marketing season. The procurement is being carried out through nodal agencies Nafed and NCCF at a support price of Rs 4,892 per quintal across six states. Nafed has procured 9.78 lakh tonne, while NCCF has procured about 3.