The prices of agricultural product including pulses and oilseeds are determined by supply and demand conditions in the market on a day-to-day basis. Apart from demand and supply conditions, availability of stocks and international prices are also affecting prices of agricultural product.
The average monthly wholesale price of soyabean was Rs. 2931 per quintal in October-2017. It has increased by 89 basis points to Rs. 2957 per quintal during November-2017 above October-2017. We have observed monthly decline of -88 basis points in average monthly wholesale price of soyabean from Rs. 3402 per quintal during Aug-2018 to Rs. 3372 per quintal during Sep-2018. The average monthly wholesale price of soyabean was Rs. 3471 per quintal during November-2018, up by 4.67% against Rs. 3316 per quintal during October-2018.
Maximum monthly average wholesale price of soyabean of Rs. 3670 per quintal has been observed in Feb-2018 during the period under consideration. Minimum monthly average wholesale price of soyabean of Rs. 2931 per quintal has been found in Oct-2017 during the period under consideration.
Note: Source: RAJYA SABHA SESSION – 247 UNSTARRED QUESTION No 1290; Data values are in Rs. Per Quintal; @: includes both kemels and pods.
Resource Title: All India Average Monthly Wholesale Price and Minimum Support Price (MSP) of major Kharif crops during 2017-18 and 2018-19 (From : Ministry of Agriculture and Farmers Welfare)