Soybean Market Prices in Madhya Pradesh (October 17, 2024)

Soybean cultivation is a major agricultural activity in several districts of Madhya Pradesh, and farmers here closely monitor market prices. Fluctuations in soybean prices directly impact farmers' income, making it crucial to stay updated. According to the market data from October 17, 2024, soybean prices showed variation across different districts in Madhya Pradesh.

Major Market Centers and Soybean Arrivals in Madhya Pradesh

On October 17, 2024, several districts in Madhya Pradesh reported soybean arrivals, with prices varying across different markets. The following table provides details of soybean arrivals, varieties, and their minimum, maximum, and average prices:

Factors Influencing Soybean Prices

Several factors influence soybean prices, including:
1. Weather Conditions: Excess or insufficient rainfall during the growing season directly affects production levels.
2. Demand and Supply: The quantity of soybean arriving in the markets and its demand in the market influence the prices.
3. Government Policies and MSP: The Minimum Support Price (MSP) ensures that farmers receive a guaranteed price for their produce, preventing losses.

Conclusion: Soybean is a crucial crop for farmers in Madhya Pradesh. The market prices for soybean are continuously fluctuating, and farmers need to stay informed to sell their produce at the right time for the best prices. The data provided in this report will help farmers make informed decisions and get the best value for their crops in the markets.

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