Home / Business and Economy / Kharif Sowing Rises, Soybean Oil Deals Signed as Poultry Prices Fluctuate
Kharif Sowing Rises, Soybean Oil Deals Signed as Poultry Prices Fluctuate
4 Aug
Summary
- Kharif sowing up 11 lakh hectares in a week
- 9 Indian and multinational firms sign soybean oil import deals
- Egg prices drop over 20% due to price war and weak demand
As of August 4th, 2025, the pace of kharif sowing has improved, with 121 lakh hectares being covered in the week ending July 25th, up from 110 lakh hectares the previous week. The Indian Meteorological Department has forecast that rainfall will be normal to above-normal during August and September, which is expected to further boost the kharif sowing season.
In other developments, nine Indian companies, including Patanjali Foods, Adani Wilmar, and multinational firms such as Cargill, Bunge, ADM, and Louis Dreyfuss, have signed deals with two Chinese exporters to import soybean oil between September and December this year. This move comes as India seeks to secure its edible oil supply amid global market fluctuations.
Additionally, the poultry industry has seen some turbulence in recent weeks. A price war among poultry-producing states, coupled with weak domestic demand due to the austere month of Shravan (Aadi in Tamil Nadu), and lower exports, have resulted in egg prices declining by over 20% over the past couple of weeks.
