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LATEST NEWS UPDATES | Worried over future contracts, farmers hold on to soyabean stocks, seek better prices -Nayan Dave

Worried over future contracts, farmers hold on to soyabean stocks, seek better prices -Nayan Dave

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published Published on Nov 29, 2022   modified Modified on Nov 30, 2022

-Financial Express

Last year till mid-December, farmers were aware of future prices on commodity burse platforms such as National Commodity and Derivatives Exchange (NCDEX).

Two months after harvesting the kharif soyabean crop, Narayan Singh, a farmer from Nipaniya Baijnath village of Malwa region in Madhya Pradesh, is still holding on to a chunk of the produce in anticipation of higher prices.

In this kharif season, Singh harvested nearly 55 quintals of soyabean crop from his 10 acres land. He has so far sold nearly 20 quintals in the open market at an average price of Rs 5,400 per quintal. Last year, he got nearly Rs 6,500 per quintal by selling oilseeds.

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Financial Express, 29 November, 2022, https://www.financialexpress.com/market/commodities/worried-over-future-contracts-farmers-hold-on-to-soyabean-stocks-seek-better-prices/2895100/


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