Soybean processing in the country during the current season is estimated at 41 million tonnes, which is 1 million tonnes more than the previous season. Total soybean supply will grow by 19% to 116.3 million tonnes and demand by 14% to 108.6 million tonnes.
Soybean ending stocks will reach 7.71 million tonnes at 2.63 million tonnes in 2016-2017.
Soybean production will be 8.12 million tonnes and export will grow by 22% to 1.4 million tonnes. Domestic consumption of soybeans will increase by 5% to 6.89 million tonnes.