SOPA estimates drop in soybean crop for 2020 season

INDORE, 26 June 2020: The Soybean Processors Association of India (SOPA), a national level body representing the soybean processors, farmers, exporters has said in its 2020 season (October 2019 to September 2020) estimate that outpt of soybean crop will be at 93.06 lakh tonnes, as compared to 109.33 lakh tonnes recorded during October 2018 to September 2019.

Inodre based association also said that soybean crop arrival has also fallen by 62.45 lakh tonnes till May 2020, as compared to 84.75 lakh tonnes arrived as on May 2019.

Crushing till May 2020 also dropped by 20.30 lakh tonnes at 49.20 lakh tonnes, as compared to 69.50 lakh tonnes crushed till May 2019, the association release added.

It also said that estimated soybean export for oil year 2019-2020 has been revised to 1 lakh tonnes, against 1.5 lakh tonnes.

However, SOPA estimated crushing of soybean for oil year 2019-2020 revised upwards from 69 lakh tonnes to 70 lakh tonnes, while estimated exports for oil year 2019-2020 revised from 6 lakh tonnes to 7 lakh tonnes.

Carry over stock of soybean at the end of September 2020 revised to 12.76 lakh tons.

SOYBEAN
		In Lakh Ton
	October 2019 to September 2020	October 2018 to September 2019
Stock Brought Forwarded from Previous Year	1.70	1.50
All India Crop	93.06	109.33
TOTAL	94.76	110.83
Add :
Import	3.00	1.80
TOTAL CROP	97.76	112.63
Less :
Retained for Sowing	12.00	12.00
New Crop Arrived in September 2019		2.00
Available for Crushing	85.76	98.63
	Oct to May 2020	Oct to May 2019
Arrivals till May 2020	62.45	84.75
Crushing till May 2020	49.20	69.50
Direct Use till May 2020	1.50	1.20
Export	0.50	1.47
Stock with Plants/Traders and Farmers as on 1st June	34.56	47.69
SOYBEAN MEAL
	Oct to May 2020	Oct to May 2019
Stock Brought Forwarded from Previous Year	1.64	0.19
Production of Soybean Meal	39.85	56.30
Export of Soybean meal through SEA and Land	4.85	18.85
Domestic Consumption for Food	4.00	3.90
Domestic Consumption for Feed	31.75	31.75
Balance Stock of Meal as on 1st June	0.89	1.99