Soybean Prices Soar After 4 Years, Farmers Rejoice in Latur Market

• Soybean prices in Latur APMC have surged to ₹5,900 per quintal, ₹500 above MSP, after four years.
• Farmers are increasingly selling in the open market due to higher prices and immediate cash, bypassing MSP centers.
• Many farmers who sold earlier at ₹3,000-₹3,200 per quintal are discontent as prices rose after 80% of sales.
• Traders who stockpiled soybeans at lower prices are now profiting significantly from the price hike.
• The Latur market committee is bustling with increased activity among farmers, traders, and commission agents.

Why It Matters: Latur soybean prices hit a 4-year high, benefiting traders and current sellers, but leaving early sellers disappointed.