Soybean: Market Rates & Sowing Outlook – Kharif 2025

28-May-2025 12:38 PM

Soybean: Market Rates & Sowing Outlook – Kharif 2025
MSP (Minimum Support Price):
For Kharif 2024: Rs. 4,892 per quintal
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Current Market Prices (as on 27 May 2025):
★ Amravati: Rs. 4,200, Latur: Rs. 4,500, Indore: Rs. 4,350 and Kota: Rs. 4,350
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Sowing Area (in lakh hectares):
★ Kharif 2024: 127, Kharif 2023: 123.85 and Normal area: 122.95
★ Sowing area in Kharif 2024 has increased compared to both last year and the normal average, showing stronger farmer participation in the initial phase.
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Production Trends:
★ Kharif 2024-25 (Last Year): Estimated production at 125.82 lakh tons (as per SOPA)
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2025-26 Outlook:
★ IGrain India expects that soybean sowing this year may reach a maximum of 115 lakh hectares.
★ However, it's too early to make any firm production projections, as outcomes will depend on the monsoon and crop conditions.
★ Key Producing States- Maharashtra, Madhya Pradesh and Rajasthan farmers may opt for crops like Corn, Mung and Sugarcane, driven by more attractive prices. This shift could impact the final area under soybean cultivation.