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India soybean production said to be lower

Production of the 2020-21 kharif (fall harvest) soybean crop in India should be lower, according to a United States Department of Agriculture (USDA) attaché report. The fall is the only time India harvests soybeans.

The attachés, Amit Aradhey and Mariano Beillard, proposed several changes to the official USDA numbers from October including a 10.7 per cent drop in production at 10 million tonnes for the 2020-21 marketing year. They increased beginning stocks 18.2 per cent at 558,000 tonnes and dropped imports 35 per cent at 260,000 tonnes. That resulted in 10.4 per cent cut in India’s total supply at 10.8 million tonnes.

On a global scale that would put India on approximately par with soybean production in Paraguay, according to the USDA’s world agricultural production report. In comparison, Canada produces about six million tonnes of soybeans.

In the 2019-20 crop year, the USDA pegged India’s soybean crop at nearly 9.3 million tonnes with imports at 525,000 tonnes. Total supply topped more than 10.2 million tonnes with ending stocks at 472,000 tonnes.

The attachés upped India’s soybean exports by nearly 43 per cent from the USDA’s numbers at 250,000 tonnes.

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