Oilseeds market prices show little change as MP caps payout under Bhawantar

A big reason for this that Bhawantar of 2018 isn't a price deficit financing scheme anymore, govt has fixed the payout at up to Rs 500 per quintal to farmers for soybean and maize

Open market rates of soybean and maize, the two crops that have been incorporated into the much talked about Bhawantar Bhugtan Yojana (Price Deficiency Payment Scheme) of Madhya Pradesh this year, haven’t so far seen a big decline from their current below-MSP levels, unlike 2017.

So, is the Bhawantar Bhugtan Yojana (BBY), which started as a pilot last year, showing signs of stabilising, sidestepping allegations of traders cornering the scheme for their own benefit?

On first look, it might seem so because in major wholesale markets of Madhya Pradesh, where BBY is in place since October 20, the wholesale open