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Today world, market prices hold great significance for both farmers and traders. Soybean, a major crop, experiences frequent fluctuations in prices. In this article, we provide the latest soybean market prices across various regions in Uttar Pradesh, Gujarat, and Madhya Pradesh as of September 30, 2024.
Mehrauni market: Mehrauni, the highest arrival of soybean recorded was 618 tons. The minimum price stood at ₹4,000 per quintal, while the maximum reached ₹4,400 per quintal. The modal price was ₹4,400 per quintal, serving as a strong indicator for soybean traders.
Bhanvad: The soybean arrival in Bhanvad was recorded at 1 ton. The prices ranged from a minimum of ₹3,400 per quintal to a maximum of ₹4,000 per quintal. The modal price was ₹3,600 per quintal.
Dhoraji: Dhoraji saw the arrival of 2.7 tons of yellow soybean. The minimum price was ₹3,780 per quintal, and the maximum was ₹4,505 per quintal. The modal price of ₹4,505 per quintal reflected the high quality and market demand for this variety.
Rajula: Rajula recorded a modest arrival of 0.1 tons of soybean. The price remained stable at ₹4,125 per quintal, which also served as the modal price. Despite the low supply, prices remained steady in this region.
Petlawad: Petlawad witnessed a significant arrival of 54.05 tons of yellow soybean. The prices ranged from ₹4,400 to ₹4,415 per quintal, with the modal price set at ₹4,400 per quintal.
Why are market prices important for farmers: For farmers, market prices are not just economic indicators; they reflect the result of their hard work throughout the year. Farmers rely on these prices to sell their crops and sustain their livelihoods. Any fluctuation in these prices has a deep impact on their lives.
Conclusion: The soybean market prices in Gujarat, Madhya Pradesh, and Uttar Pradesh show noticeable differences. While high arrivals and better prices in Uttar Pradesh and Madhya Pradesh are a positive sign for farmers, some regions in Gujarat witnessed lower prices, although the supply remained steady.
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