The USDA has forecast India’s 2017/18 soybean area at 10.5 million hectares (mha), down 13 percent from last month and down nearly 8 percent from last year.
According to the department’s latest World Agriculture Supply and Demand Estimates (WASDE) report, peanut harvested area is estimated at 5.0 mha, down 17 percent from last month and down 9 percent from last year.
India’s agriculture ministry has reported peanut sown area down nearly 13 percent and soybean area down by nearly 10 percent from last year. The decrease is attributed to farmers switching to more profitable pulses and cotton.
“Peanut yield is forecast at 1.10 tons per hectare (t/ha), unchanged from last month and down 13 percent from last year,” he report said, adding that soybean yield is forecast at 0.95 t/ha, down 1 percent from last month and down 6 percent from last year but up 10 percent above the 5-year average.
Soybean production is forecast at 10.0 million metric tons, down 13 percent from last month and down 13 percent from 2016/17, according to the report.
Peanut production is forecast at 5.5 million metric tons, down 17 percent from last month and down 21 percent from last year. The monsoon season to date has been categorised as normal. As of August 4, farmers have sown about 90 percent of soybeans and 84 percent of peanuts, the report added.