MP to purchase 1.4 mn tonnes of soyabean from farmers at MSP
Madhya Pradesh government has decided to purchase around 1.4 million tonnes of soybean from farmers at the Minimum Support Price (MSP) of Rs 4,892 per quintal under the Centre’s Price Support Scheme.
The purchases will be made to increase the market price that has dropped below the MSP.
The procurement will begin from October 25 and conclude on December 31 for which farmers can get registered from September 25.
The soybean area in the state in kharif 2024 is expected to be around 5.2 million hectares, while the production is expected to be more than 5 million tonnes.
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