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The wholesale price of soybean has crashed to a 10-year low in August. Ranging from â¹3,200 to 3700 per quintal across different mandis of the state, the soybean prices were way below the Minimum Support Price (MSP) declared by the Union government for 2024.
The Centre had increased the MSP of soybean for the 2024-25 kharif crop marketing season to â¹4,892 per quintal, an increase by â¹292 from the â¹4,600 per quintal during the season before.
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