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Falling soybean prices add fuel to farmers' anger in

Known for its rich black alluvial soil, soybean has for long been mainstay of millions of farmers

Soybean | Samsung Galaxy Tab S5

Sanjeeb Mukherjee  |  Mandsaur 

As per the website of Soybean Processors Association of India (SOPA) the biggest organisation of soy trade and industry, the last time soybean seed prices in Indore mandi crossed Rs 4,000 per quintal was way back in March 2015, more than two years back. Since then wholesale prices have hovered around Rs 3,000-3,300 a quintal, down almost 25%, dealing a big blow to region’s economy, hitting the farmers’ most.

The dwindling soybean-based economy of the region could have been a contributing factor in fueling the anger in farmers, particularly of the Malwa region. The ...

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First Published: Sun, February 09 2020. 10:54 IST