Soybean Prices Soar: ₹1500 Jump in 2 Days, Experts Predict Further Rise

• Soybean prices are experiencing a significant, record increase, creating a bullish market for farmers.
• Seed quality soybean prices rose by approximately Rs 1,000 in two days, with meal quality reaching around Rs 5,000.
• The overall soybean price has increased by Rs 1,500 in just two days, with a high of Rs 5,800 recorded in Washim.
• Increased national demand and a supply-demand gap are driving the price surge.
• Lower soybean sowing this Kharip season, due to irregular rainfall and past low prices, contributes to reduced supply.

Why It Matters: Rising soybean prices benefit farmers and may affect consumer costs.