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FAS New Delhi’s forecast for India’s soybean oilseed production for marketing year (MY) 2023/24 is revised to 12 million metric tons (MMT), slightly lower than the MY 2022/23 at 12.4 MMT which accounts for the impact of the El Nino weather pattern.
On 24 November, the Federal Cabinet approved amendments to the National Biosafety Rules, which should enable genetically engineered soybean imports to resume in the first half of calendar year 2024. As a result, the 2023/24 soybean import forecast is...