2024 trends pinch farmers; Maharashtra soybean area to drop by 2 lakh hectares

Maharashtra’s soybean cultivation area is expected to decrease by two lakh hectares due to poor returns on the produce last year. External factors such as the import of soybean cake as fodder and the government’s reluctance to purchase have dampened farmers’ interest in soybean cultivation. Other factors include losses caused by irregular rainfall and delays…

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MSP increased for seven Rabi crops, with mustard being a major beneficiary

The Indian government has raised minimum support prices (MSP) for seven rabi crops for the 2025-26 marketing season, with mustard and rapeseed being the most affected. The increase is expected to ensure remunerative prices for farmers and encourage crop diversification. Wheat’s MSP has been raised by Rs 150 per quintal. To reduce import dependence on…

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Prices of Sunflower, Groundnut, and Soybean Drop Below MSP Levels

Soyabean, groundnut, and sunflower prices have fallen 8-25% below the Minimum Support Price (MSP) in agri-terminal markets during the early days of the harvesting season. Farmers face significant losses due to delayed MSP-based procurement, with soybean prices averaging ₹4,268 per quintal, 12.8% lower than the MSP. Large crop expectations and export uncertainties, particularly in Iran,…

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Mandi prices for soybeans increase due to an increase in import duties; they are expected to surpass MSP once shipments start.

The mandi prices of soybean, a crucial variety of oilseed for Kharif, have increased by approximately Rs 500 per quintal since the government announced two weeks ago that the import levy on edible oil would be increased. As new supplies enter the market, soybean prices align with the minimum support price (MSP) for the upcoming…

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