India's forecasted soybean production is set to increase from 14.92 million metric tons in 2024 to 16.07 million metric tons by 2028. In 2023, production levels stood at approximately 14.65 million metric tons, indicating a steady upward trend. The year-on-year variations demonstrate consistent growth with a noticeable average annual increase over the forecasted period.
Future trends to watch for include:
- Technological advancements in farming practices that could boost yield.
- Government policies affecting agriculture subsidies and export conditions.
- Climate change impacts on crop production.
- Fluctuations in global soy demand influencing Indian market dynamics.
