Natl Bulk Handling sees Kharif soy crop seen 10.5 mln tn, down 26%

Oilseeds have been the worst hit crop in the current kharif season. Occurrence of heavy rains in the initial sowing stages and moisture stressed situation in the later stages has led to significant decline in production. Production of soybean is seen declining to 10.5 mln tn from 14.2 mln tn. Groundnut production is seen falling 9.9% on year to 5.9 mln tn. The first estimate in September had pegged output for the oilseed lower at 5.7 mln tn.