In Ukraine, UkrAgroConsult reported that India’s soybean acreage is expected to decline in 2025 as farmers opt for more profitable crops like corn and sugarcane.
Soybean prices have been consistently lower than the government’s minimum support price, resulting in minimal profits, the report stated. The shift is significant in key producing states like Madhya Pradesh and Maharashtra. The report also noted that favorable rainfall is also encouraging sugarcane cultivation in Maharashtra. With reduced domestic output, India, the world’s largest edible oil importer, may ramp up imports of palm, soyoil, and sunflower oil from countries like Indonesia, Malaysia, Argentina, and Ukraine.
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Category: Food & Agriculture
