India's soybean output to rise 38% this year on sharp rise in average yield

Acreage up 6.7% to 10.84 mn hectare from 10.16 mn hectare the previous season

India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan.

Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association (SOPA) showed India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season.

During the current season, soybean acreage was up 6.7 per cent to 10.84 million