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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.
Union minister Nitin Gadkari on Sunday underlined the need to increase the per-acre yield of soybeans to achieve self-sufficiency for India in the production of edible oils. He mentioned that the dependence on large-scale imports of palm oil from Indonesia and Malaysia can be reduced by promoting soybean cultivation and edible oil production on the domestic front. "There is a great need to increase the per-acre productivity of soybean to make India 'aatmanirbhar' in terms of edible oils. We also need to reduce the cost of cultivation along with this," Gadkari said while addressing the 7th International Soy Conclave in Indore via video conferencing, India imports about 60 per cent of its edible oil requirement. Gadkari said the government was taking various measures through the National Edible Oil Mission to ramp up the production of soybeans which includes the development of improved seeds of this oilseed crop. He expressed confidence that with the joint efforts of the government
Nearly 24.86 lakh hectares of land in Marathwada will come under soybean cultivation in the upcoming Kharif season, an official said on Monday. As per the Maharashtra agriculture department's estimates, soybean may be cultivated on 24.86 lakh hectares, which comes to 49 per cent land, in Marathwada, he said. The above estimate was presented by officials during the recent review meeting for the upcoming Kharif season chaired by state Agriculture Minister Abdul Sattar in Aurangabad. Cotton, soyabean, tur dal and corn may be preferred in Marathwada in the upcoming Kharif season, he said. The proposed area under soybean cultivation is 24.86 lac hectares, followed by cotton (13.91 lakh hectares), tur dal (4.44 lakh hectares) and corn (2.31 lakh hectares), the data stated Mahabeej company will provide 67,000 quintals of seeds, while private companies will provide 4.50 lakh quintals and farmers have 24 lakh quintals to meet the need, it was stated. The state has made available 7.17 lakh