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USDA pegs India's 2019/20 Soybean crop at 11 MT
Commodity Online | September 20 2019
UPDATED 11:12:44 IST

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The United States Department of Agriculture (USDA) forecasts India's 2019/20 soybean production at 11.0 million metric tons, up nearly 7 percent from last month, but down 4 percent from last year.

Area is estimated at 11.0 million hectares, unchanged from last month and last year. Yield is forecast to increase to 1.00 metric ton per hectare, up 7 percent from last month, but down nearly 4 percent from last year.

The 7-percent-yield increase is due to improved weather conditions in the major soybean planted area, USDA said.

Both Madhya Pradesh and Maharashtra received heavy rains in late July and early August. However, the heavy rains have diminished in the major soybean growing regions as the crop is reaching pod development. Cumulative precipitation is now slightly above the long-term average.

Satellite- derived Normalized Difference Vegetation Index (NDVI) is showing strong crop vigor in both Maharashtra and Madhya Pradesh, USDA said.

 

Commodity Arrivals Rate
Mustard Oil 70 10200.00
Coconut Oil 2 18500.00
Arecanut 15 24500.00
Sugar NR 3900.00

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