India Soybean, Soyoil, Meal Production Will Rise, USDA Says

India’s soybean production will rise to 11 million metric tons in the year that started Oct. 1 from 9.8 million a year earlier, a unit of the U.S. Department of Agriculture said.

Production of soybean meal, an animal feed, will rise to 7.68 million tons from 7.52 million a year earlier, the Foreign Agricultural Service said in a report posted today on the agency’s website. Output of soybean oil will rise to 1.69 million tons from 1.655 million, according to the report.

To contact the reporter on this story: Patrick McKiernan in New York at pmckiernan@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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