The industry body -- the Soybean Processors Association of India (SOPA) has said that the production of soybean is likely to decline in India by about 2.05 million tonnes this year to 10.536 million tonnes. Industry association cited the decrease in soybean acreage and productivity as well as the impact of adverse weather on the crop as reasons for the estimated fall.
According to its annual report, soybean was sown on 11.456 million hectares during the current Kharif season, and its production was 105.36 million tonnes, with an average productivity of 920 kg per hectare. It noted that during the 2024 Kharif season, soybean was sown on 11.832 million hectares in the country, and the production was 12.582 million tonnes, with average productivity of 1,063 kg per hectare.
According to SOPA, India imports more than 60 per cent of its total edible oil needs, which costs approximately Rs 1.7 trillion in foreign exchange every year. To achieve the ambitious goal of self-sufficiency in edible oil, soybean production in the country needs to be increased with the help of improved seeds. The Centre has fixed the MSP of soybean at Rs 5,328 per quintal for the Kharif marketing season 2025-26. This is Rs 436 more than the MSP of Rs 4,892 per quintal in the previous marketing season.
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