SOPA has indicated a tight supply position of soybean

SOPA has indicated a tight supply position of soybean with carry forward stock projected to be only one lakh tonne at the end of oil year 2017 18. The country’s soybean meal and soy product exports volume has been revised upwards to 15 lakh tonne from earlier estimate of 12.5 lt for 2017- 18 which has led to lowering of ending stocks. India’s soybean imports this year are likely to touch a record high of around 1 lakh tonne as domestic supply tightened due to low production.