December 8, 2018 / 4:13 AM / 6 months ago

USDA attache sees India 2018/19 soybean production at 11.3 million T

Gopal Kishan, 15, erects a wooden log at his soybean field to tie barbed wires, on the outskirts of his village near Kota, Rajasthan, July 17, 2012. REUTERS/Danish Siddiqui/File Photo

(Reuters) - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in India:

The soybean production estimate for marketing year (MY) 2018/19 (Oct-Sept) has been revised down from 11.5 million metric tons (MMT) to 11.3 MMT to indicate slightly lower than expected area planted to beans; yield estimates remain unchanged.

Peanut production is revised from 6 MMT to 5.1 MMT on poor yield projections from Gujarat. Oilmeal exports for last year settled at 2.4 MMT, while edible oil imports dropped 4 percent to 14.5 MMT.

The most recent progressive planting report for winter crops indicate that rapeseed and mustard planting is actually trailing behind last year’s levelespite an early start for planting.

To read the full report, click: bit.ly/2E6jmiI

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