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SOPA mid-term review keeps soybean crop at 11.48 MT

09 Feb 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

INDORE, 9 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

 

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