Soybean prices cross guaranteed price, rise in Sangli
By yash chouhan 2025-12-10 12:22:05
Soybean prices will surpass the guaranteed price level; soybean prices have risen significantly in the Sangli market.
Soybean Market Prices: Soybean production in the district has declined this year. This is causing soybean prices to rise somewhat. For the past few days, soybean arrivals to the state's market committees have been declining, but demand is increasing.
Soybean Market Prices: Soybean production in the district has declined this year. This is causing soybean prices to rise somewhat. For the past few days, soybean arrivals to the state's market committees have been declining, but demand is increasing.
Sangli: There has been a significant increase in soybean demand at the national level. This is having a positive impact on prices, with the price of good quality soybeans increasing by 1,000 in just two days.
Therefore, market experts are predicting that soybean prices will surpass the guaranteed price level. On Monday, a transaction at the Sangli market yard fetched a price of ₹4,500 per quintal.
The minimum price for soybeans in the financial year 2025-26 is ₹5,328 per quintal. Farmers were unhappy with not receiving the minimum price for soybeans.
Soybean production in the district has also declined this year. As a result, soybean prices are currently rising somewhat. For the past few days, soybean arrivals at state market committees have been declining, but demand is increasing. The price of high-quality soybeans, i.e., those used for seed, has increased by ₹1,500 in just two days, and mill-quality soybeans have reached ₹4,500.
Two days ago, soybeans fetched up to ₹4,250 per quintal at the Sangli Market Committee, while on Monday, they fetched up to ₹4,500 per quintal at the same market committee.
However, farmers are being advised to sell soybeans only after assessing the price.
Reasons for Rising Soybean Prices ◼️ Demand for soybean oil has increased recently. This has led to increased purchases by processing industries.
◼️ On the other hand, soybean sowing has decreased this year's Kharif season.
◼️ Furthermore, soybean procurement by NAFED has now begun. This is supporting prices.
