USDA revised India’s soybean estimates

Country’s Soybean area and prodn figures has been added up by the world pioneer agency USDA . The forecasted area has been pegged at 9.5 ml ha, almost 6% up by last month’s estimates and prodn has also been revised 5% higher figures for the year but this is 1% lower than the last year’s estimates. The revision has been carried mainly with the view of timely and well spread monsoon across the soy producing belts throughout the country.