India: Oilseeds and Products Update

Soybean production in marketing year (MY) 2017/18 (Oct-Sept) is revised down to 10 million metric tons (MMT) produced from an estimated planted area of 10.5 million hectares. The latest planting report from Ministry of Agriculture (MinAg) indicates soybean planted area is 10.2 million hectares, nine percent below last year. However, a minor upward revision in planted area may follow in future updates from MinAg. The preceding observation assumes near normal yield and favorable weather conditions through harvest. 

India: Oilseeds and Products Update