Production volume of soybean in India is to increase

The current soybean prices in the Indian domestic prices are fluctuating around USD 0.80 per kg. Traders are forecasting bearish demand in February 2022. The estimated soybean output for February is expected to be 8 to 9% higher as compared to last year with production levels reaching around 12.5 million MT. The bearish demand is expected to push up the prices in short term in spite of higher production this year.