The second estimate of crop production for 2015-16 are
yet to come but the Agriculture Minister Radha Mohan Singh in an interview to
PTI on Sunday estimated figures of crop production. After oil
seed industry, the agriculture minister has admitted that the production of
soybean in the country during the year 2015-16 is also expected to fall
sharply. In an interview to PTI, the agriculture minister said that the
production of soybean is projected to decline to just 91.3 lakh tonnes during
the year 2015-16. According to him, the production of soybean was 103.7 lakh
tonnes in 2014-15. Earlier in September, the first advance estimates for
2014-15 of Kharif crop was released in which the production of soybean was
expected to be 118.32 lakh tonnes. Also during 2014-15 soybean production
estimate has been cut by nearly one and a half lakh tonnes, according to the
fourth advance estimates for 2014-15, soybean production was estimated at
105.28 lakh tonnes, but the agriculture minister has reduced it to 103.7 lakh tonnes. The
organization of soybean industries; Soybean Processors Association had released
its second advance estimate in October in which it estimated only 73.79 lakh
tonnes of soybeans production in the year 2015-16.
Source: Markettimestv.com
