date:Apr 24, 2013
The increase in total oilseed plantings is mainly driven by a nine percent increase in soybean plantings to 580,000 hectares.
A new soybean crushing plant, with a capacity of 185,000 tons per annum, started to operate in 2012 and another three plants, with a combined crushing capacity of approximately 650,000 tons are expected to be added through 2013.
Post believes farmers will react positively to this increased local demand for soybeans and consequently will plant more hectares to soybeans.