Global scenario of soybean production by 2030
Rakhi Sharma; H.S. Sisodiya* and Awadhesh Kishore**
Institute for Development of Technology for Rural Advancement, Mathura-281004 (INDIA)
Central Institute for Research on Goats (CIRG), Makhdoom, P.O. Farah-281122 Mathura INDIA
**Sarvoday Mahavidyalaya, Chaumuhan-281406, Mathura (INDIA)
World soybean production during 2011 was 251.5 million Metric tons. USA ranks first and India fifth in this regard. Global soybean production will increase up to 371.3 million metric tons by 2030, global compound Annual growth of production will fall from 0.7 to 0.5% and average global yield will increase by 0.5% and reach upto 2.64 tons per hectare.
2011, 2030, Argentina, Average global yield, Brazil, China, Global compound annual growth, India, Soybean production, USA, World
Soybean (Glycine max) is a legume crop. It is very rich protein source and is acceptable for both vegetarian and non-vegetarian population. Soybean is consumed by human beings and animals both as a high quality protein supplement. Thus, the crop is highly potent.
World soybean production during 2011 was recorded to be 9239 million bushels. Out of which United States of America with the production of 3056 million bushels ranks first (33.08%) followed by Brazil with 2645 million bushels (28.63%), Argentina with 1764 million bushels (19.09%) and China 496 million bushel production (5.37%). India ranks fifth in soybean production in the World with 404 million bushels production (4.37%).
World soybean production during 2011 was recorded to be 251.5 million Metric tons. Out of which United States of America with 83.2 million Metric tons ranks first (33.09%) followed by Brazil with 72.0 million Metric tons (28.64%), Argentina with 48.0 million Metric tons (19.09%) and China with 13.5 million Metric tons production (5.37%). India ranks fifth in soybean production in the World with 11.0 million Metric tons production (4.38%).
Masuda and Goldsmith, (2009) has predicted soybean production in his review. It is predicted that global soybean production will increase and reach up to 371.3 metric tons by 2030. This will be possible because of predicted increment in the production of this commodity in first five ranked nations i.e. United States of America, Brazil, Argentina, China and India. It is much interested to note that the expected growth in this respect is more in Argentina, India and Brazil. Those countries will increase their share in global soybean production. The share of United States of America and China is expected to decrease in this regard.
The global compound Annual growth of Soybean production is expected to fall down from 0.7 to 0.5 per cent during this duration. It will become because of falling down or remaining stable production of this commodity in all the five leading countries.
Average yield of soybean in the World will increase by 0.5% and reach upto 2.64 tons per hectare. Total harvested area will increase annually by 1.7% and reach upto 140.9 million hectare by the year 2030. High annual growth rate in yield per hectare will be achieved due to involvement of significant investment in agricultural research by the year 2030.
Masuda, T. and Goldsmith, P.D. 2009. World Soybean Production: Area Harvested, Yield, and Long-Term Projections. International Food and Agribusiness Management Review, 12, 4,143-162.