India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia
Government confident of bumper harvest; could cool down inflation but experts say excess rains, pest attach could play spoilsport in some crops
Soybean Processors' Association estimates India's soybean output at 9.3 million tonnes for crop year 2019-20, a sharp decline from 10.9 million tonnes reported in 2018-19
For lakhs of farmers in Madhya Pradesh, the rain in the last few days has washed away hopes of getting a good harvest
This may lower yields if it is not contained in time