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Soybean


SOPA release soybean demand, supply estimates for 2019-2020 oil year

SOPA release soybean demand, supply estimates for 2019-2020 oil year

The Soybean Processors Association of India (SOPA) in its estimate of soybean crop have announced a crop at 8.98 million tonnes for 2019-20 (October 2019 to September 2020) oil year.

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INDORE, 10 January 2020: The Soybean Processors Association of India (SOPA) in its estimate of soybean crop have announced a crop at 8.98 million tonnes for 2019-20 (October 2019 to September 2020) oil year.

During the same period last oil year, soybean crop was recorded at 11.08 million tonnes.

SOPA has released the latest estimates of Supply and Demand of Soybean and Soybean Meal for the oil year 2019-2020 (October 2019 to– September 2020) and a comparison of the same with the corresponding period of last season.

The salient points for Oil Year 2019-20 and comparative figures for the same period are given below:

SOYBEAN

 

 

 

 

In Lakh Ton

 

October 2019 to September 2020

October 2018 to September 2019

Stock Brought Forwarded from Previous Year

1.700

1.500

All India Crop

89.840

109.330

TOTAL

91.540

110.830

Add :

 

 

Import

3.000

1.800

TOTAL CROP

94.540

112.630

Less :

 

 

Retained for Sowing

12.000

12.000

New Crop Arrived in September 2019

 

2.000

Available for Crushing

82.540

98.630

 

 

 

 

Oct to Dec 2019

Oct to Dec 2018

Arrivals till December 2019

42.500

56.000

Crushing till December 2019

21.500

31.500

Direct Use till December 2019

0.550

0.450

Export

0.250

0.860

Stock with Plants/Traders and Farmers as on 1st January

60.240

65.820

 

 

 

SOYBEAN MEAL

 

 

 

 

 

 

Oct to Dec 2019

Oct to Dec 2018

Stock Brought Forwarded from Previous Year

1.640

0.190

Production of Soybean Meal

17.415

25.515

Export of Soybean meal through SEA and Land

2.050

8.590

Domestic Consumption for Food

1.500

1.500

Domestic Consumption for Feed

13.500

13.500

Balance Stock of Meal as on 1st January

2.005

2.115

 


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