M.P. Cabinet increases MSP for soya bean; proposal to go for Centre’s nod
6 months, 2 weeks ago

M.P. Cabinet increases MSP for soya bean; proposal to go for Centre’s nod

The Hindu  

The Madhya Pradesh government on Tuesday approved a proposal to increase the MSP for soya bean to ₹4,800 per quintal from the current price of close to ₹4,000. “The Chief Minister made a proposal at the meeting that we will request the Centre to increase the soya bean MSP to ₹4,800 because the current rate in the market is ₹4,000. Madhya Pradesh is the largest soya bean producing State in the country with over 50% of the nation’s production and is also known as the ‘Soya bean State’. Earlier in the day, Union Agriculture Minister and former State Chief Minister Shivraj Singh Chouhan reiterated the Centre’s commitment of buying soya bean at the MSP and said that proposals of three States had already been approved and Madhya Pradesh’s proposal will be taken up soon.

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