On the basis of improved yields, the Soyabean Processors Association of India (SOPA) has increased the harvest forecasts for the Kharif 2022 crop to 124.11 lakh tonnes. Earlier, it estimated the yield to be 120.39 lakh tonnes (lt). The upward revision was due to greater yields, which are now at 1,051 kg per hectare compared to the earlier expectations of 1,084 kg/ha, according to SOPA, which had undertaken the mid-term evaluation of the crop estimations based on the most recent field survey.
The output in Madhya Pradesh, the state with the highest production, is expected to be higher at 54.13 lt than the previous estimate of 53.26 lt, according to SOPA. With 1,069 kg/ha compared to 1,051 kg/ha, MP yields are higher. With yields increasing to 1,134 kg/ha (1,080 kg/ha), Maharashtra’s production is anticipated to be higher at 49.25 lt (46.91 lt). Similar to this, stronger yields have increased production in Rajasthan, the third-largest producer, to 10.34 lt (9.85 lt).
All other minor producing states, including Karnataka, Telangana, Chhattisgarh, Gujarat, and others, have seen a little decrease in output. From March 22 to April 3, SOPA teams conducted the survey in 37 significant soya bean-growing areas in Madhya Pradesh, Maharashtra, and Rajasthan, a distance of almost 7,000 kilometers. The contact with APMCs, farmers, traders, brokers, soybean processors, warehouses, and stockists was covered by the field survey.
According to SOPA, farmers are still holding onto around half of their crops in the hopes of receiving the greater prices they have obtained over the previous two years. While the modal price, or the price at which most trades occur, of soyabean in the various mandis of Madhya Pradesh fluctuates between 4,900 and 5,355 per quintal, their anticipated price is roughly 7,000. The second advanced projection of 139.75 lt for 2022–2023 from the Agriculture Ministry is lower than the final crop predictions from SOPA. The government had calculated the output at 129.87 the year before.
