• How much soybean oil did India import in 2017-18?
  • In the current year, the country imported 9.76 lakh tonnes of soybean crude oil during April-June 2017-18 valued at 5002.73 Crores (Table 3). Soybean farmers were facing typical problem of prices ruling near MSP and even traded below MSP during kharif 2016 harvest period for the first time.
  • Which country produces the most soybean oil in the world?
  • China was the leading producer of soybean oil globally, producing nearly 16 million metric tons out of a total 59 million metric tons in the world that same year. Get notified via email when this statistic is updated. Data is in reference to the United States federal government’s fiscal year.
  • What was the production of soybean during kharif 2016?
  • Estimated production of soybean during kharif 2016 is 13.79 million tones from an area of 11.39 million hectares with the productivity of over 1.2 t/ha (Figure 1). Even after the low productivity and production during kharif 2015 due to drought, area under soybean had not declined much in kharif 2016.
  • Will higher production and exports of soybean affect international prices?
  • Although, higher domestic utilisation and exports of soybean is expected but the closing stock is projected to be more than 52 million tonnes. Higher global production of soybean and closing stock is expected to put downward pressure on international prices.
  • Why did export of soybean de-oiled cake decline in India?
  • On account of low domestic production coupled with higher global production led to the slump in international prices and higher domestic demand, export of soybean de-oiled cake (DOC) from India declined drastically during 2014-15 and 2015-16.
  • Is soy a viable solution to India’s food crisis?
  • In the 1950s, as the newly independent nation was grappling with the challenge of feeding its millions, soy seemed a promising solution. The Indian Council of Agricultural Research identified varieties suitable for cultivation in different parts of India, with different varieties suitable for food processing, animal feed or oil production.