Refined soybean oil (RSO) fundamentals (in `000' tonnes ... - MCX

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Soybean fundamentals - World and India (in `000' tonnes)
Country 2011-12e 2010-11 2009-10 2008-09 2007-08 2006-07 2001-02
World
Beginning stocks 65,875 59,346 42,676 51,483 62,235 53,376 33,939
Production 2,61,453 2,63,693 2,60,838 2,11,960 2,20,469 2,36,233 1,84,815
Imports 94,866 89,820 86,801 77,376 78,111 69,063 54,385
Consumption 2,62,651 2,54,192 2,38,320 2,21,301 2,30,557 2,25,576 1,84,472
Exports 97,576 92,792 92,649 76,842 78,775 70,861 52,899
Net Availability 4,22,194 4,12,859 3,90,315 3,40,819 3,60,815 3,58,672 2,73,139
Ending Stocks 61,967 65,875 59,346 42,676 51,483 62,235 35,768
Area (1000 Ha) 1,04,565 1,03,503 1,02,150 96,356 90,602 94,285 79,466
Yield (MT/Ha) 2.50 2.55 2.55 2.20 2.43 2.51 2.33
India
Beginning stocks 600 1,695 766 146 218 75 134
Production 9800 9,600 9,700 9,100 9,470 7,690 5,400
Imports 0 0 0 0 0 0 0
Consumption 10125 10,685 8,761 8,425 9,530 7,546 5,377
Exports 10 10 10 55 12 1 1
Net Availability 10,400 11,295 10,466 9,246 9,688 7,765 5,534
Ending Stocks 265 600 1,695 766 146 218 156
Area (1000 Ha) 9600 9,400 9,600 9,600 8,800 8,120 6,000
Yield (MT/Ha) 1.02 1.02 1.01 0.95 1.08 0.95 0.90
Avg daily volatility MCX spot prices - 1.03% 2.20%* 1.04%^ 1.07% 0.83% -
CBOT price (Rs/qntl) - 2,475 1,664 1,901 1,891 1,303 915
India, Madhya Pradesh Price (Rs/qntl) - 2,195 1,905 2,188 2,121 1,405 1,018
MSP Soyabean Black (Rs. /qtl) 1650 1400 1350 1350 910 900 795
MSP Soyabean Yellow (Rs. /qtl) 1690 1440 1390 1390 1050 1020 885
Note: e - source estimates provided by USDA, data retrieved on July 28, 2011; market year (India): October to September; *: volatility calculated for the period from 9/9/2009 to
31/3/2010; ^: Volatility calculated for the period from 4/1/2008 to 9/22/2008;
Source: USDA, Dept. of Agriculture, GOI, Agmarknet
Soybean state-wise area and production
Area (`000' Hectares)
Production ( `000' Tonnes)
States/ UT 2009-10 2008-09 2007-08 2006-07 2001-02 2009-10 2008-09 2007-08 2006-07 2001-02
Madhya Pradesh 5350 5124 5024 4757 4450 6406 5850 5481 4785 3735
Maharashtra 3019 3063 2664 2521 1105 2197 2757 3976 2892 1386
Rajasthan 778 830 798 641 656 915 806 1071 771 716
Andhra Pradesh 156 142 88 103 19 129 194 173 156 20
Karnataka 26 134 113 131 48 82 91 97 94 40
Others 405 218 195 176 65 236 208 171 153 67
Source: USDA, Dept. of Agriculture, GOI
192 Commodity Insights Yearbook 2011