Soybeans in India at Risk as El Nino Cripples Monsoon Rains
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Soybean and peanut crops in India are at risk of lower yields as a deepening dry spell during the monsoon parches fields. Palm oil futures in Kuala Lumpur jumped to a one-week high.
Soybeans sown in the past two weeks need immediate rain in the next three to four days or will have to be replanted, V.S. Bhatia, director of state-owned Directorate of Soybean Research, said from Indore in central India. If the rains are delayed further, farmers will have to replace the oilseed with lentils, he said.