India's soybean harvest may fall in 2023-2024 despite increase in acreage

게시됨 2023년 9월 25일

Tridge 요약

India's soybean yield for the 2023-24 marketing year may be lower than expected due to a deficit in rainfall, according to a survey by S&P Global Commodity Insights. The drought-like conditions have led analysts to predict slightly lower soybean production at 12.1 million tonnes, down from 13.1 million tonnes in the previous year. The decline in soil moisture caused by the lack of rainfall is expected to put pressure on India's soybean crop, which is the world's fifth-largest.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Highlights According to market participants surveyed by S&P Global Commodity Insights, due to a sharp deficit in rainfall in August, India's soybean yield could be below government expectations in the 2023-24 marketing year (October-September), despite an increase in planting area. According to an annual survey of 13 traders and analysts, India's soybean production in 2023-24 is expected to be slightly lower year-on-year at 12.1 million tonnes, down from an estimated 13.1 million tonnes in 2022-24. 23 MY. Analysts say India's soybean crop, the world's fifth-largest, is likely to come under pressure due to a sharp decline in soil moisture this year. India received its lowest rainfall in more than a century in August, down 36% from normal, according to the India Meteorological Department. August typically receives the second highest rainfall of any monsoon month after July. In May, New Delhi's third oilseeds production estimate for 2023-24 recorded a record high soybean production ...

출처: Oilworld