India will increase soybean production and squeezing capacity

Introduction: SopA predicts that in the next five years, the soybean crushing capacity in India will double In addition to increasing the soybean planting area, the association hopes to increase the per unit yield from the current 1000 kg / HA to 1500 kg / ha O P goel, chairman of the soybean crushing Association of India, told the trade line that the association was trying to lobby the government to gradually take measures to promote the conversion of food crops to oilseeds The Association recommended that the government raise the import tariff of edible oil by another 25% - 30%, in order to protect domestic oil seed producers from getting better prices The association also asked the government to provide a subsidy of INR 3000 / HA to ensure that farmers grow oilseed crops MSP, the minimum protection price of oilseeds, also needs to be greatly increased The chairman claimed that in the late 1990s, farmers switched from producing expensive oilseed crops to growing food crops because of the government's wrong policy guidance The government allows cheap import of edible oil and makes the minimum protection price of grain crops higher than that of oilseed crops As a result, in 1995, India's oil seed crops were able to guarantee 95% of its domestic demand, which has dropped to 50% so far Therefore, it needs to spend 100 billion rupees per year to import edible oil to meet the domestic demand On the other hand, the government needs to consume about 100 billion rupees every year due to the excessive grain inventory The efforts of the Indian soybean Press Association are in line with recent government considerations, which plan to encourage farmers to grow more oilseeds than food crops First, the government wants oil seeds to be produced in Punjab and Haryana But agronomy is reluctant to produce oilseed crops because there is no price guarantee Since there is no minimum price guarantee to force farmers to convert oilseed crops to other crops, India's import of edible oil increased to 4.8 million tons in 2000 / 01 market year (November October next year), compared with 4.4 million tons in the previous year, which is the data provided by solvent extraction Association of India The market expects soybean production to increase to 5.4 million tons this year from 5.01 million tons last year (author:) share to feed Weibo share to: