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Will soybean prices in Madhya Pradesh remain above ₹4,800 per quintal until end of 2024?
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Madhya Pradesh•Minimum Support Price•Shivraj Singh Chouhan•Narendra Modi•Central government•Moong•Bhopal•Delhi
Resolution / Starting Odds
Yes • 50%
No • 50%
Market price data from official agricultural commodity exchanges and government reports
Story
Madhya Pradesh Increases Soybean MSP to ₹4,800 per Quintal, Chouhan Highlights Modi's Farmer Focus
Sep 11, 2024, 05:58 AM
The Madhya Pradesh government has approved a proposal to increase the Minimum Support Price (MSP) for soybean to ₹4,800 per quintal from the previous rate of approximately ₹4,000. This decision comes in response to concerns from farmers who were distressed as soybean prices had fallen below the MSP. Union Minister Shivraj Singh Chouhan emphasized that agriculture and farmer welfare are top priorities for Prime Minister Narendra Modi, describing the service to farmers as akin to worship. The Central government has also given permission to purchase Moong in Madhya Pradesh under the PSS yojana, further demonstrating the administration's farmer-friendly policies. The announcements were made in Bhopal and Delhi.
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Similar markets
Yes • 50%
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Below ₹4,000 per quintal • 25%
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₹4,800 - ₹5,600 per quintal • 25%
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Madhya Pradesh • 25%
Maharashtra • 25%
Rajasthan • 25%
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Increase by 0-10% • 25%
Increase by more than 10% • 25%
Maharashtra • 25%
Madhya Pradesh • 25%
Rajasthan • 25%
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No • 50%
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