Monday 24 April 2017

Central Indian Soybean acreage to decline as farmers shift crops

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The Soybean acreage in Madhya Pradesh is likely to decline to about 10 percent in the summer sowing due to poor earnings. Madhya Pradesh is one of the major Soybean producing states in the country.

Madhya Pradesh contributes about 70 percent of India's total output and now the farmers are looking forward to shift to Maize, Pulses and Cotton on the back of good demand and better prices.

Soybean prices in the domestic markets declined about 20 percent in this year when compared to last year due to the higher output and below expected exports of soybean meal. While in the same period the prices of Cotton increased to about 27 percent year on year.

It is anticipated that the farmers will start sowing Maize, Black Gram and Cotton from May end.


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