 "India’s soybean output to hit highest in 4 years")
Country’s soybean output is likely to rise 60 per cent this year, because of normal monsoon and higher acreage area.
The apex Indore-based industry body the Soybean Processors Association (SOPA) in its latest estimates released on Friday showed India’s total soybean output at 11.49 million tonnes. It is highest in four years, for the harvesting season 2016-17 as compared to 7.2 million tonnes reported in the previous year. In November 2016, the United States Department of Agriculture (USDA) has forecast India’s soybean output at 9.7 million tonnes, which was revised later to 11.5 million tonnes in December 2016.
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