Centre to procure soyabean at MSP in Madhya Pradesh

NEW DELHI: Union Agriculture Minister Shivraj Singh Chouhan on Wednesday said the government will procure soyabean at a minimum support price in Madhya Pradesh amid a fall in the rates below the MSP level.

MSP of soyabean (yellow) is fixed at Rs 4,892 per quintal for 2024-25. The procurement will be carried out under the Price Support Scheme (PSS) implemented by the agriculture ministry.

“MP farmers are worried about soyabean prices ruling below MSP. We received a proposal from the MP government on procurement yesterday night. We have approved it,” Chouhan told reporters.