New Delhi. Following approval from the central government, farmer registration began in Maharashtra, and now government procurement of soybean at the Minimum Support Price (MSP) has also begun. As a result, the plant delivery price of soybean has improved to Rs 4,700-4,800 per quintal.

The Union Agriculture Ministry has approved the purchase of 1,850,700 tonnes of soybean from farmers at MSP during the 2025-26 Kharif marketing season. The minimum support price of soybean has also been increased by Rs 436 from Rs 4,892 per quintal to Rs 5,328 per quintal.

The Bhavantar Bhugtan Yojana has been implemented in Madhya Pradesh this time, so the plant delivery price of soybean is relatively low, at Rs 4,600-4,700 per quintal. The central government has also approved the purchase of soybeans in Rajasthan, the third largest producer, which may lead to some improvement in the plant delivery price.

During the week of November 15-21, the plant delivery price of soybeans fluctuated, keeping the price of refined soybean oil relatively stable in Madhya Pradesh. However, the price of refined oil remained stable in Maharashtra, falling by 1-2 rupees per kg.

The price increased by 20 rupees in Kota to 1280 rupees per 10 kg, but fell by 10 rupees to 1250 rupees in Mumbai and 5 rupees in Kandla to 1230 rupees per 10 kg. In Haldia, the price remained stable at 1240 rupees per kg. Crude soybean oil prices increased slightly in the international market. China has started importing soybeans from the United States, but the pace of imports is currently slow.

During the week under review, soybean arrivals in markets across major producing states witnessed significant fluctuations. Arrivals ranged from 2.50 lakh bags on November 15th, jumped to 8.20 lakh bags on November 17th, then declined to 7.70 lakh bags on November 18th, fell to 7.10 lakh bags on November 19th, and further declined to 3 lakh bags on November 20th.

Restricted trade in soybean DOC in Maharashtra led to a decline in prices by ₹500 to ₹1200 per tonne, while improvements of ₹500 to ₹800 per tonne were also observed in some areas.