The Government of India has increased the Minimum Support Price (MSP) of soybean from Rs. 1,650 to Rs. 2,200 per quintal for the crop year 2012-2013. This is an increase of Rs. 550 a quintal or 33.33 percent over last year’s MSP fixed for soybean.
Minimum Support Price of Soybean Enhanced from Rs. 1,650 to Rs. 2,200 Per Quintal
New Delhi (Delhi, India), October 17, 2019
Indian Government Ups Minimum Support Price (MSP) of Soybean to Rs. 2,200 Per 100 Kgs
The Government of India has increased the Minimum Support Price (MSP) of soybean of black variety from Rs. 1,650 per quintal (100 Kilograms) to Rs. 2,200 per quintal and of yellow variety from Rs. 1,690 per quintal to Rs. 2,240 per quintal for the crop year 2012-2013 and marketing season 2013-2014.
This is an increase of Rs. 550 a quintal or 33.33 and 32.54 percent over last year’s Minimum Support Price fixed for soybean.
The Cabinet Committee on Economic Affairs (CCEA) took this decision to hike the MSP of soybean in its meeting held on Thursday, June 14, 2012 in New Delhi.
Every year, the Government of India determines the Minimum Support Price of soybean based on the recommendations of the Commission for Agricultural Cost and Prices (CACP).
Historical Minimum Support Prices of Soybean of Black Variety in India
Crop Year Minimum Support Price (Per 100 Kgs)
2012-2013 Rs. 2,200
2011-2012 Rs. 1,650
2010-2011 Rs. 1,400
2009-2010 Rs. 1,350
2008-2009 Rs. 1,350
2007-2008 Rs. 910
2006-2007 Rs. 900
2005-2006 Rs. 900
2004-2005 Rs. 900
2003-2004 Rs. 840
2002-2003 Rs. 795
2001-2002 Rs. 795
2000-2001 Rs. 775
1999-2000 Rs. 755
1998-1999 Rs. 705
1997-1998 Rs. 670
1996-1997 Rs. 620
1995-1996 Rs. 600
1994-1995 Rs. 570
1993-1994 Rs. 525
1992-1993 Rs. 475
Historical Minimum Support Prices of Soybean of Yellow Variety in India
Crop Year Minimum Support Price (Per 100 Kgs)
2012-2013 Rs. 2,240
2011-2012 Rs. 1,690
2010-2011 Rs. 1,440
2009-2010 Rs. 1,390
2008-2009 Rs. 1,390
2007-2008 Rs. 1,050
2006-2007 Rs. 1,020
2005-2006 Rs. 1,010
2004-2005 Rs. 1,000
2003-2004 Rs. 930
2002-2003 Rs. 885
2001-2002 Rs. 885
2000-2001 Rs. 865
1999-2000 Rs. 845
1998-1999 Rs. 795
1997-1998 Rs. 750
1996-1997 Rs. 700
1995-1996 Rs. 680
1994-1995 Rs. 650
1993-1994 Rs. 580
1992-1993 Rs. 525
Minimum Support Prices of Agricultural Commodities in India
Government of India – Minimum Support Prices of Various Agricultural Commodities
Indian Government – Plans, Policies, and Projects
Government of India – Current and Past Agricultural Plans, Policies, Programs, Projects, and Schemes
