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Market
Average soybean market price in Madhya Pradesh in Q4 2024?
2
Resolution / Starting Odds
Below ₹4,000 per quintal • 25%
₹4,000 - ₹4,800 per quintal • 25%
₹4,800 - ₹5,600 per quintal • 25%
Above ₹5,600 per quintal • 25%
Market price data from Madhya Pradesh Agricultural Department
Story
Madhya Pradesh and Maharashtra Raise Soybean MSP to ₹4,800 per Quintal Amid Farmer Concerns
Sep 11, 2024, 10:41 AM
The Madhya Pradesh government has approved a proposal to increase the minimum support price (MSP) for soybean to ₹4,800 per quintal, up from the current price of close to ₹4,000. This decision comes in response to concerns from farmers who were distressed as soybean prices had fallen below the MSP due to bumper supplies and unrestricted imports of cheap edible oils. Union Agriculture Minister Shivraj Singh Chouhan emphasized that agriculture and farmer welfare are top priorities for Prime Minister Narendra Modi. The MSP procurement of soybean was also approved in Maharashtra.
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Similar markets
Below ₹4,800 per quintal • 25%
₹4,800 - ₹5,200 per quintal • 25%
₹5,200 - ₹5,600 per quintal • 25%
Above ₹5,600 per quintal • 25%
Yes • 50%
No • 50%
Below 1 million quintals • 25%
1 - 2 million quintals • 25%
2 - 3 million quintals • 25%
Above 3 million quintals • 25%
Madhya Pradesh • 25%
Maharashtra • 25%
Rajasthan • 25%
Other • 25%
Maharashtra • 25%
Madhya Pradesh • 25%
Rajasthan • 25%
Other • 25%
Yes • 50%
No • 50%
Significant Increase • 25%
Moderate Increase • 25%
No Change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Below 45 million metric tons • 25%
45-50 million metric tons • 25%
50-55 million metric tons • 25%
Above 55 million metric tons • 25%
Yes • 50%
No • 50%
Below $80 per barrel • 25%
$80 to $90 per barrel • 25%
$90 to $100 per barrel • 25%
Above $100 per barrel • 25%