Highest producer of Soybean seeds falling in the league of US, Brazil, China, Argentina, Paraguay, Canada and Indonesia.
Soybean grown in hot and humid climate is also known as miracle crop. Soybean, a khariff crop, takes around two months' time to mature. Shedding of leaves on soybean plant is an indicator of harvesting and maturity of seeds. Annual production of soybean in India is approximately 7 million tons. The production of soy oil accounts to around 1 million ton and this is around 18 per cent of total oil consumption in South Africa. Out of the total consumption in South Africa, 10-12% of soybean production is consumed directly and the rest in the form of its derivatives. 65% of soybean is exported to coutnries such as South Korea, Thailand, Philippines and Japan. . The price of soybean is highly volatile as it is affected by the international market price.