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Markets for Soybeans and peanuts in India are weak due to the influence of monsoon

Pubtime:2016-02-01Author:Source: Hits:

According to the latest report issued by the US Ministry of Agriculture, the rainfall of the monsoon in India has hit the minimum level since 2002, which has significantly influence on the agricultural products in India.


According to the US Ministry of Agriculture, the rainfalls in most areas of India have reduced by 20%. In June and July, some areas have witnessed rainfalls and the soybeans could be sowed. In this month, the US Ministry of Agriculture has reduced the Indian peanut output data to 5200000 tons, which is the lowest level in the past 24 years, compared to the 6.8 millions in the previous month and the actual output of 6.25 million tons in the previous year.