India to plant record area of soybeans
http://www.allaboutfeed.net/news/id102-55715/india [2008-6-26]
Tag : soybean meals
The area planted to soybeans may gain as much as 20% in the yearbeginning July from 8.85 million hectares (21.87 million acres)last year, Dinesh Shahra, managing director of India's biggestsoybean processor Ruchi Soya Industries Ltd , said in an interview with Bloomberg.
India exports soybean meal to nations including China, Vietnam,Japan, Indonesia and South Korea. According to Shahra there isalready a rush among farmers to secure enough soybean seeds aheadof sowing. Because of record prices farmers devote every inch ofland available to the crop this year.
Favourable weather have stimulated farmers in the Indian state ofMadhya Pradesh, which accounts for more than half the country'stotal output, to start planting soybeans 15 to 20 days earlier thannormal. Early rains will further boost sowing and increaseproduction.
Soybean production may rise to 9.47 m tonnes in the year endingJune from 7.15 m tonnes a year earlier, according to the IndianSoybean Processors Association. Also in the western Indian state ofMaharashtra may decide to plant soybeans instead of cotton andsugar cane since local soybean prices have more than doubled.
The area planted to soybeans may gain as much as 20% in the yearbeginning July from 8.85 million hectares (21.87 million acres)last year, Dinesh Shahra, managing director of India's biggestsoybean processor Ruchi Soya Industries Ltd , said in an interview with Bloomberg.
India exports soybean meal to nations including China, Vietnam,Japan, Indonesia and South Korea. According to Shahra there isalready a rush among farmers to secure enough soybean seeds aheadof sowing. Because of record prices farmers devote every inch ofland available to the crop this year.
Favourable weather have stimulated farmers in the Indian state ofMadhya Pradesh, which accounts for more than half the country'stotal output, to start planting soybeans 15 to 20 days earlier thannormal. Early rains will further boost sowing and increaseproduction.
Soybean production may rise to 9.47 m tonnes in the year endingJune from 7.15 m tonnes a year earlier, according to the IndianSoybean Processors Association. Also in the western Indian state ofMaharashtra may decide to plant soybeans instead of cotton andsugar cane since local soybean prices have more than doubled.
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