Industry differs with govt on soybean output, saysedible oil price to stay high
A price-signaling war is unfolding between the government and soybean processors as they release conflicting production estimates for the key cash crop. The Union agriculture ministry’s second advance estimates claim a record soybean production of 15.1 million tonnes for the 2024-25 kharif season. In contrast, the industry estimates production at just 12.6 million tonnes.
A price-signalling war is on between the government and processors of soybean, as the
two have put out conflicting production estimates of the key cash crop that’s an
affordable source of edible oil.
According to the Union agriculture ministry’s second advance estimates, there has been
a record production of soybean in the country at 15.1 million tonnes during the kharif
marketing season 2024-25. However, the industry pegs it at just 12.6 million tonnes.
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Source : Live Mint
