As of August 2021, the Mandi rate for soybean crop in Kharaone, a town in Madhya Pradesh, has been fluctuating. The average price for soybean in Kharaone Mandi has been ranging from Rs. 4,000 to Rs. 4,500 per quintal.
The soybean crop is grown extensively in Madhya Pradesh, and the Kharaone Mandi is one of the major markets where the farmers sell their produce. The prices in Mandi are determined by the demand and supply of the crop, which is influenced by various factors such as the monsoon, weather conditions, and government policies.
The recent rise in prices can be attributed to the increase in demand from various industries such as oil refineries, animal feed manufacturers, and the growing market for vegan and vegetarian food products. The pandemic has also increased the demand for soybean-based products due to their health benefits.
However, the farmers in Kharaone have been facing challenges due to the high input costs, including the cost of fertilizers, seeds, and labour. The lack of government support and market volatility have made it difficult for farmers to make a profit from their crop.
To combat these challenges, the government of Madhya Pradesh has implemented various schemes to support soybean farmers, including subsidies for fertilizers and seeds, and crop insurance. The government has also set up Mandis to provide a fair market for the farmers to sell their produce.
In conclusion, the Mandi rate for soybean crops in Kharaone, Madhya Pradesh, has been fluctuating due to various factors. The farmers have been struggling with high input costs, but with government support and market stability, they can benefit from selling their produce. The demand for soybean-based products is expected to increase, providing an opportunity for farmers to earn a good income from their crop.