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Kharif Yellow Soyabean farm harvest prices would be Rs. 4000- 4300 per quintal in Bailhongal market this year

Soyabean is one of the important oil seed crop of India and exclusively grown in
the kharif season in India. Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh
are the major cultivators of this important oilseed, with their respective contributions
usually would be around 60%, 25%, 6-7% and 1-2% . As per the price forecasts done by
the Domestic and Export Market Intelligence Cell, Department of Agribusiness
Management, University of Agricultural Sciences, Dharwad for Yellow Soyabean, this
year the prices of Yellow Soyabean in Bailhongal market is expected to range between
Rs. 4000-4300 per quintal during August-September months.
The twenty years monthly modal price data of Yellow Soyabean from Bailhongal
regulated market was collected and analyzed employing rigorous time series models and
the price forecasts were established for Yellow Soyabean for Bailhongal market for the
months of August-September, 2013. The opinions of experienced traders of the crop in
the market, agricultural scientists and progressive farmers of the region with regard to the
prices that would prevail at harvest were collected to fine tune the forecast prices. The
prices in other major markets for the crop were also collected and government policies
with regard to marketing of Yellow Soyabean were also considered to come up with
accurate price forecasts.
Farmers of Bailhongal area are busy in preparing their lands for sowing of Yellow
Soyabean. Price uncertainty at the time of harvest has kept the farmers guessing to decide
about sowing. Therefore, in order to help the farmers to come out of doldrums, the
Domestic and Export Market Intelligence Cell (DEMIC) is striving hard. Bold seeded,
cleaned, well dried grains are going to fetch higher prices in the market. So, farmers are
advised to keep all these suggestions in mind while cultivating the crop and preparing the
product for the market

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Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.