Soybean farmers will benefitImage credit source: Freepik
Union Agriculture Minister and former Chief Minister of Madhya Pradesh Shivraj Singh Chauhan has given a big gift to farmers growing soybean. Shivraj Singh Chauhan says that the government will now purchase soybean in Madhya Pradesh at the minimum support price. This decision by the government will ensure that soybean farmers get good prices for their produce. The largest soybean production in the country is in the Malwa region of Madhya Pradesh.
Prime Minister Narendra Modi’s government has been continuously trying to make India self-sufficient in oilseed and oil production. The reason for this is to reduce India’s import bill, because currently India imports most of the edible oil it needs. In such a situation, supporting soybean producers will encourage farmers in the country to produce more oilseeds.
This is what the price of soybeans will be like
Union Minister Shivraj Singh Chauhan on Wednesday said that the government will purchase soybean at the minimum support price (MSP) in Madhya Pradesh. Currently, soybean prices in Madhya Pradesh have fallen below the minimum support price. The government has fixed the MSP of soybean (yellow) at Rs 4,892 per quintal for 2024-25. This soybean procurement will be done under the Price Support Scheme (PSS) of the Ministry of Agriculture.
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Shivraj Singh Chouhan told reporters that farmers in Madhya Pradesh are worried about soybean price falling below MSP. We received a purchase proposal from the Madhya Pradesh government last night. We have approved it. He said that the farming community is the priority of the government and he believes that serving farmers is like worshipping God. Earlier, the Centre had given permission to purchase soybean at MSP price in Maharashtra and Karnataka.
In addition to oil, there is also work in soybeans
Soybean oil on its own is not suitable for consumption. Rather, it is used in many premium products and vegan-category products. Soybeans contain a good amount of protein, which is why their consumption is more popular among fitness-conscious people. Not only this, it is also a part of the vegan diet, just like soy milk, tofu, and cheese.
