Around 20% of soybean output to remain uncrushed this year

Disparity in crushing of oilseeds to bring record carry over stock for next season

Despite remaining dependent on imports for over 55 per cent of its edible oil demand, India is set to see around a fifth of its soybean output going uncrushed this season, thanks to a sharp fall in prices and cheap oil imports from Indonesia and Malaysia. 

The apex industry, Soybean Processors Association of India (SOPA), has estimated India’s soybean output at 11.49 million tonnes for the year 2016-17. With a carryover stock of 441,000 tonnes, overall availability of soybean for crushing and direct consumption stood at 11.93 million tonnes. Around 8.5 million tonnes  of the overall availibility is estimated to