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Post maintains its previous marketing year (MY) 2016/17 (Oct-Sept) forecast for Indian soybean production in at 11.5 million metric tons (MMT), derived from 11.4 million hectares.
Assuming normal growing conditions through September, soybean production in marketing year (MY) 2016/17 (Oct-Sept) is estimated at 11.5 million metric tons (MMT).
Assuming a normal 2016 monsoon (June-Sept), India’s total oilseed production in marketing year (MY) 2016/17 (Oct-Sept) will reach 35.4 million metric tons (MMT), a ten-percent over last year.
India is expected to produce 6.4 million metric tons (MMT) of rapeseed and mustard in marketing year (MY) 2015/16.