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Trade body estimates Soyabean supply at 104 lakh tonnes in 2017-18
Commodity Online | January 11 2018
UPDATED 15:23:07 IST

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The Soybean Processors Association of India (SOPA) has, in its first quarterly estimates, put the total supply of the bean at 104.49 lakh tonnes for the oil year 2017-18, with estimated carryover stocks of 3.99 lakh tonnes.

For the first quarter of the current oil year till December 2017, the production is pegged at 91.46 lakh tonnes, while the carryover from the last year is put at 13.03 lakh tonnes.

The demand for crushing is likely to be around 85 lakh tonnes, while exports are projected at 2 lakh tonnes.

With 12 lakh tonnes retained for sowing and 1.5 lakh tonnes for direct consumption, the carryover for the coming year is estimated at 3.99 lakh tonnes.

 

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