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India's soybean output may fall 22 percent on planting area cut, dry weather

Reuters  |  LOHARI, India 

By Rajendra JadhavLOHARI, India (Reuters) - India's soybean production during the 2017/2018 crop year may drop 22 percent from a year ago after a reduction in the planting area and because of a prolonged dry spell in key growing regions, industry officials and farmers said. The lower soybean output could require India, the world's biggest importer of edible oils, to raise soyoil and palm oil imports during the 2017/18 marketing year starting from November. India's soymeal exports may decline as well if prices rise.India is likely to produce 9 million tonnes of soybeans during the 2017/18 crop ...

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First Published: Mon, September 11 2017. 16:55 IST