MY 2014/15 soybean planting area is forecast to decrease 7 percent from the prior year to 74,452 hectares due to depressed prices as a result of increased production in MY2013/14. Production was up 26 percent to 154,067 MT, an increase of 31,548 MT. MY2014/15 consumption is forecast slightly lower at 1.28 million MT compared to 1.3 Million MT in MY 2013/14 with 850,00MT used for crushing and 400,000 MT for food processing.
