Now Reading: Soybean prices rise, farmers demand Rs 10,000 per quintal
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Soybean prices rise, farmers demand Rs 10,000 per quintal
The Story in Brief
Soybean trading in Ujjain district's agricultural mandis was subdued on 12 November after an eight-day gap, with farmers not getting the prices they expected. On Saturday (14 November 2026), the closed mandi recorded Neemuch line at Rs 7,500, Indore line at Rs 7,400, and traders who had earlier taken advance deals now have to buy soybean at higher prices to deliver to plants.
Farmers say a price of Rs 8,000 to Rs 10,000 per quintal would make the deal profitable, and many are holding back sales due to low rates. Mandi trader Amar Agrawal said soybean plants are now offering over Rs 100 more per quintal. Meanwhile, soybean oil has reached Rs 153 per litre.
Indian Opinion Analysis
The gap between what farmers want (Rs 8,000 to 10,000) and what mandis are offering (Rs 7,400 to 7,500) means many are holding stock, which could tighten supply further. The price of soybean oil has already risen to Rs 153 per litre, signalling upward pressure on consumer prices. The key variable is whether plant-side demand will push offers closer to farmers' expectations in the coming days.
Source: bhaskar.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
