Soyabean stocks in the country were around 48.35 lakh tonnes as of May 1, 2025, lower than 55.41 lakh tonnes during the same period a year ago.According to the Soyabean Processors Association of India (SOPA), stocks with trade and farmers are estimated at 29.66 lakh tonnes as of May 1. Another 18.69 lakh tonnes are held by the government agencies NAFED (13.19 lakh tonnes) and NCCF (5.5 lakh tonnes), SOPA said
The government agencies \procured 19.96 lakh tonnes of soyabean under the price support scheme during the kharif 2024 season at the minimum support price (MSP) of Rs 4,892 per quintal against a sanctioned quantity of 33.90 lakh tonnes.
On muted demand, soybean prices have been ruling below the MSP levels across various mandis during the kharif 2024 marketing season. On Friday, the modal price (the rate at which most trades occur) across mandis in Madhya Pradesh ranged between Rs 3900 and Rs 4,560 per quintal, as per the Agmarknet data.
