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Soya Bean with the scientific name glycine max belongs to the family Fabaceae and sub family Faboideae. Soya Bean is also called miracle crop because of its productivity of oil and protein: it contains 35 percent of protein and 18 percent oil.
China is the birthplace of soya bean. Soya bean is the largest and the most popularly produced oilseed in the world. As compared with the global production of oil seeds, soya bean contributes 55 percent, which is about 170-185 million tons.
Several products processed from soya bean like milk, flour etc are rich in protein. Majority of soya bean produced are crushed and byproducts are made. 18 percent of soy oil and 88 percent of soy meal are made out by crushing soya beans.
Soya bean can be used in three different forms namely Soybean, Soybean Oil and Soybean meal.
Soybean meal is the remains after the Soybean oil extraction; it is mainly used as animal feed and fertilizer. Soybean meal is easily digestible and contains high protein.
Soy oil is extracted from the soybean through a refining process. It is the second most important edible oil traded internationally after palm oil. The consumption of soy oil is increasing year after year.
Soybean is a summer crop which needs hot and humid climate to grow. Soybean gets matured in two months. Leaves of the plant start to fall when the seed starts to mature and with this the crop is now ready for harvesting.
In India, soybean is a kharif crop which is sown in June; some states cultivate soybean twice a year. September-October is the harvesting period of soybean in India. Changes in the rainfall pattern affects the crop, as it mainly depends on the rainfall.
Main soya bean producing states in India are Madhya Pradesh, Maharashtra, Rajasthan, Karnataka, Uttar Pradesh, Andhra Pradesh, Nagaland and Gujarat.
Major global soya bean producers are United States of America, Brazil, Argentina, India, Paraguay, China, Canada, Uruguay, Bolivia and Ukraine.
European Union, Vietnam, Indonesia, Thailand, Philippines, Mexico, Korea, Japan, Malaysia and Iran are the main global importers of soya bean.
Main global exporters of soya bean include Argentina, Brazil, United States, India, Paraguay, Bolivia, China, European Union, Canada and Norway.
The local trading hubs for soybean in India are:
Madhya Pradesh (Indore, Ujjain, Dewas, Mandsore, Astha, Badwani, Chhindwara, Dhar, Dindori, Guna, Harda, Jabalpur, Jhabua, Khandwa, Khargone, Mandla, Narsinghpur, Neemuch, Panna, Raisen, Rajgarh, Ratlam, Rewa, Sagar, Satna, Sehore, Seoni, Shajapur, Shivpuri, Tikamgarh, Vidisha, )
Maharashtra (Nagpur, Sangli, Shahpur, Ahmednagar, Akola, Amravati, Bhandara, Buldhana, Chandrapur, Gadchiroli, Hingoli, Washim, Wardha)
Manipur (Chandel, Ukhrul)
Rajasthan (Kota, Banswara, Bundi, Baran, Chittorgarh, Jhalawar, )
Soybean is traded in the commodity futures market at NCDEX in India.
Internationally Soybean is traded at the Chicago Board of Trade (CBOT) and Dalian Commodity Exchange.
Soyabean Trading Markets:Chhattisgarh(Bilaspur, ) Madhya Pradesh(Sagar, Bhopal, Indore, Shahpura(Jabalpur) , Vidisha, Mandsaur, Neemuch, Ratlam, Ujjain, Tikamgarh, Shivpuri, Shajapur , Seoni, Sehore, Satna, Rewa, Rajgarh, Raisen, Panna, Dhar, Guna , Harda, Jhabua, Khandwa, Mandla, Dewas, Khargone , Badwani(Barwani), Chhindwara, Narsinghpur, ) Maharashtra(Amravati, Sangli, Nagpur, Akola, Latur, Vidarbha, APMC Dindori, Ahmednagar, Hingoli , Nanded, Wardha, Washim, Gadchiroli, Chandrapur, Bhandara, Buldhana, ) Manipur(Chandel, Ukhrul, ) Rajasthan(Baran, Chittorgarh, Banswara, Jhalawar, ) Uttar Pradesh(Shahpur, )
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