
Summary:
According to SOPA, soybean output in the nation increased by 6% to approximately 126 lakh tonnes during the kharif season, owing to favourable weather. While area was the same as previous year, production climbed from 1,002 kg to 1,063 kg per hectare. D. N. Pathak, SOPA's Executive Director, credited the rise to evenly distributed monsoons and modern farming. However, a threeweek dry period in August hampered output in several areas.
According to SOPA, soybeans were grown on 118.32 lakh hectares this season, yielding 125.82 lakh tonnes, up from 118.74 lakh tonnes the previous year. Madhya Pradesh produced the most at 55.40 lakh tonnes from 52 lakh hectares, followed by Maharashtra at 50.17 lakh tonnes and Rajasthan at 10.53 lakh tonnes. With India importing 60% of its edible oil, experts advocate for increased oilseed output. The MSP for 2024-25 increased to $58.23 (Rs. 4,892) per quintal.
Source: IBEF
Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.