Soybean Procurement Falls Short of Target

21-Jan-2025 10:45 AM

Soybean Procurement Falls Short of Target
★ The current season's procurement target is 3.385 million tons, but only 1.4 million tons have been purchased so far, lagging 59% behind the goal.
★ Government procurement is ongoing only in Maharashtra and Rajasthan.
★ Procurement has stopped in Karnataka, Telangana, and Madhya Pradesh.
★ Madhya Pradesh accounts for 0.622 million tons, while Maharashtra contributes 0.55 million tons.
★ Despite being at record levels compared to negligible purchases last season, market prices are still below the MSP.