SOPA mid-term review keeps soybean crop at 11.48 MT

INDORE, 09 February 2019 : Based on this extensive survey, we find that there is no need to revise the initial crop numbers given by SOPA and the kharif-2018 soybean crop is reconfirmed at 11.48 million tonnes, according to The Soybean Processors Association of India (SOPA), a national level body representing the soybean processors, farmers, exporters and brokers in India working towards the aim to strengthen soybeans as a viable crop.   

SOPA in a statement said, "We have undertaken a very extensive survey of soybean crop for kharif-2018, arrivals, crushing, exports and local demand, to prepare a balance sheet of soybean and soybean meal as on 1st February, 2019."

"The survey was undertaken by two teams of SOPA officials. The undersigned personally visited major Mandies in Maharashtra which included Nagpur, Chandur Railway, Dhamangaon, Amravati, Akola, Khamgaon, Washim, Hingoli, Nanded, Yeotmal and Hinganghat. The other team visited Dewas, Sehore, Shajapur, Neemuch, Mandsaur, Ratlam, Indore, Kota, Jhalawar and Bundi," SOPA added.

During these visits, we interacted with farmers, traders, mandi officials and soybean processors.

We also did an exhaustive analysis of data of mandi arrivals, variation between reported and actual figures and farmer behavior based on price movement.

Given below is a summary of the latest estimates of Supply and Demand of Soybean and Soybean Meal for the period October 2018 to January 2019 and a comparison of the same with the corresponding period last season.

The salient points for Oil Year 2018-19 and comparative figures for the same period are given below:

SOYBEAN
		In Lakh Ton
	October 2018 to January 2019	October 2017 to January 2018
Stock Brought Forward from Previous Year	1.500	13.000
All India Crop for the whole year	114.830	83.500
TOTAL	116.330	96.500
Add :
Import	2.000	1.660
New Crop Arrived in September 2018		2.000
Total availability	118.330	100.160
Less :
Retained for Sowing	12.000	12.000
Export	2.000	2.160
New Crop consumed in Sept. 2018	2.000
Available for Crushing	102.330	86.000
Arrivals October to January	67.500	53.000
Crushing from October to January	41.500	38.000
SOYBEAN MEAL
		In lakh tons
Stock Brought Forwarded from Previous Year	0.190	0.280
Production of Soybean Meal	33.615	30.780
Export of Soybean meal through SEA and Land	11.060	8.620
Domestic Consumption for Food	2.000	1.600
Domestic Consumption for Feed	17.500	17.750
Balance Stock of Meal as on 1st February 2019	3.245	3.090

If anyone want the month wise details of arrivals, crushing, exports and local consumption write us at agritimesindia[@]gmail[.]com