- Farmers wait for price hike
Akola. Soybean prices are currently seen to be stable. Some time ago it seemed that this time soybean prices will increase further. But at present this is not the situation. For the last more than two weeks, the price of soybean is being seen between 6 thousand to 7 thousand. They also depend on the quality of soybean, but for the last few days it is seen that instead of increasing, the prices are decreasing slightly.
It is worth mentioning that at the time of introduction, the prices of soybean were very high. When soybean was coming in the market along with APMC in a lot of evidence, at that time there was a rise in the prices of soybean. Farmers are very worried about this matter.
Farmers expected that if the prices of soybeans increase, then they will definitely benefit, but the prices are coming down. Where earlier the prices were stable, now the prices of soybean seem to be decreasing. Soybean is such a crop that a lot of farmers depend on it. It is worth mentioning that in the beginning, very slowly but there was some uptick in the prices of soybean, but now this is not the case.
Not all farmers got benefit
There are some farmers who have not even got the production cost of soybean. When the arrival of soybean was also high and the prices were also getting good, at that time about 70 percent of the farmers had sold their soybeans, but there were about 30 percent of the farmers who did not sell soyabean expecting the price to rise. These farmers still expect that the prices of soybeans have come down a bit, but this price will definitely increase in the coming time because the demand for soybean oil is increasing.
Presently soybean oil is available at Rs.130. Available in retail per kg. These prices will not remain constant. When the price of soybean oil increases, the demand for soybean will also increase. The farmers are just waiting for the same price increase. It is worth mentioning that at present, soybean oil is used a lot as an edible oil. People are very fond of soyabean’s brisket. Accordingly, farmers say that the price of soybean will definitely increase in the coming time.