Soybean, Peanut, and Pulse Prices Below MSP

09-Oct-2025 04:57 PM

Mumbai. Despite expected production declines, soybean prices remain well below the government's support price. According to official data, the all-India average wholesale market price of soybean on September 26, 2025, was recorded at ₹3,839 per quintal, 27 percent lower than the 2024-25 Minimum Support Price (MSP) of ₹4,892 per quintal and nearly 39 percent lower than the 2025-26 support price of ₹5,328 per quintal.

Soybean acreage has declined sharply by nearly 1 million hectares, with the area reduced in the three top producing states—Madhya Pradesh, Maharashtra, and Rajasthan. Furthermore, floods and rains have also caused significant damage to the crop.

Consequently, a significant decline in domestic production of this important oilseed is expected. The industry and trade sector believes that domestic soybean production could decline to between 8.5-9 million tonnes during the current Kharif marketing season of 2025-26.

Despite the expected sharp decline in production, farmers are facing a double blow due to low market prices. The government should immediately begin purchasing soybean from farmers at the MSP.

This time, a decision has been made to implement the Bhavantar Gujarat scheme for soybean in Madhya Pradesh. Peanut production is expected to improve, and its prices are softening with the increasing arrival of new produce in the markets.

Among pulses, the wholesale market price of tur (tur) and mung (green gram) is below the government support price. Tur is expected to rise further, which could bring it closer to the MSP.