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Store Kharif grown Soybean up to November – DEMIC advices farmers

Soybean is one of the important oil seed crops of India and exclusively grown in the kharif season. Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh are the major cultivators of this important oilseed, with their respective contributions usually 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. 2800-3200 in the month of October, Rs. 3000-3400 in the month of November and Rs. 2900-3200 during December month per quintal.

            The twenty years monthly modal price data of Yellow Soybean from Bailhongal regulated market was collected and analyzed employing rigorous time series models and the prices for Yellow Soyabean for Bailhongal market for the months of October- December, 2013 were forecast. 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 considered to come up with accurate price forecasts.

One of the major oilseed crops of north Karnataka, kharif grown soybean, is steadily entering into markets. But, uncertain prices at harvest have made the farmers to take right decision regarding place and time of sale. Therefore, in order to help the farmers to come out of doldrums, the Domestic and Export Market Intelligence Cell (DEMIC) is striving hard. So farmers are advised to sell their produce during November. This forecast prevails for current market sentiments and is liable to vary with changes in market situations.  Bold seeded, cleaned, well dried grains are going to fetch higher prices in the market. Farmers are advised to keep all these suggestions in mind while 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.