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The major Indian soybean growing region is
in the central state of Madhya Pradesh. Soybean
production in India has increased in the last
decade, although yields are among the world's
poorest. India imposes prohibitive barriers on
oilseed imports, so its domestic crushing is
limited to the oilseeds that can be produced
within the country.
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Domestically produced soybeans
are highly valued for the vegetable oil, as India
is the world's largest vegetable oil importer.
India is a much smaller consumer of soybean meal,
and exports its surplus to other Asian countries.
India is the world's leading importer of edible
oils and is likely to remain an important source
of global import demand for the foreseeable future.
Income and population growth and key changes
in trade policy are important contributors to
India's increasing consumption and imports.
To know more about investing in Commodities contact
: commodities@motilaloswal.com
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