In many mandis of the country, the rate of oilseed crop soybean reached Rs 7500 per quintal, while the MSP is Rs 3880.
Soybean prices exceed farmers’ bat, MSP.
Everyday a new record is being made for the prices of oilseed crops. After the mustard in the online mandi, now the soybean price has also caught fire. It is also sold above the minimum support price (MSP). Its MSP is Rs 3,880 per quintal, while its rate in the open market is running from 7000 to 7500 rupees. Its model price in Daryapur mandi of Amravati (Maharashtra) was Rs 7,570 a quintal. Whereas in Rajasthan’s Kota Mandi, soybean was sold at a rate of Rs 6,874 quintal. This is the rate of online mandi e-nam (e-NAM). It is also called the National Agricultural Market.
After last several years, soybean farmers are getting good prices for their produce. Its crop is mainly grown in Madhya Pradesh, Maharashtra, Rajasthan, Karnataka, Uttar Pradesh and Andhra Pradesh. The farmers are happy with the good price. Soybean contributes the most in oilseed crops. Due to the rich amount of protein and oil, it is an important source for edible oils and nutritious foods in the world.
Rate is not always low in the open market
It is generally believed that good prices of agricultural produce are not available in the open market. There has always been a difference of opinion between farmers and the government regarding this. But this year, the price of mustard (mustard) and soyabean is moving above the MSP in the open market. In some mandis of Maharashtra, the rate of wheat has also gone above the MSP. Soybean prices have been recorded higher than the MSP in both online and offline markets. This year mustard is selling at a rate above 7000, much higher than its minimum support price of 4650.
Pasha Patel, former chairman of Maharashtra State Agricultural Price Commission, said in a conversation with TV-9 Digital that in 2012, there was a good price of soybean. When there is a gap in demand and supply, farmers will get benefit. This time the production of soybean has reduced. If the price is good, the farmers will be motivated towards the cultivation of oilseed crops.
Soybean rate in Maharashtra
|Market Name||Rs / quintal *|
|Soybean rate in Rajasthan|
|* Modal Price / 24-05-2021 / e-Nam|
Agriculture expert Binod Anand says that we are dependent on other countries in the case of oilseeds. Around 70 thousand crore rupees of edible oil are imported every year. This year, soybean production has also decreased in South and North America. Therefore, its price is fast. The government has also made good purchases of crops this year, so the private sector is also getting good prices.
Farmers connected in online market
Under the One Nation One Market, 1000 mandis of the country are connected in the network of the National Agricultural Market. It is an electronic agriculture portal that connects the Agricultural Produce Market Committees (APMCs) present in the country into a single network. On this platform, 1,70,25,393 farmers, 1,63,391 traders, 90,980 commission agents and 1,841 Farmers Producer Organizations (FPOs) are connected on 21 states.
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