Soybean Price Today in India - सोयाबीन का आज का भाव

The current wholesale (modal) price of Soybean (सोयाबीन) in India is ₹5,670 per quintal, down ₹230 from yesterday. Prices today range from a minimum of ₹4,215 to a maximum of ₹10,500 per quintal depending on the mandi, grade and quality of produce. The state-wise Soybean rate table above is updated daily, and the LIVE arrivals section shows real Agmarknet transactions where available.

Soybean is grown mainly in Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Karnataka. It is a oilseed crop with a Kharif (Sow: Jun-Jul, Harvest: Sep-Nov) season - Kharif (Sow: Jun-Jul, Harvest: Sep-Nov).

Soybean is India's most important oilseed by value and the primary raw material for the ₹1 lakh crore edible oil and soy meal industry. Madhya Pradesh produces 50% of India's soybean and the crop directly feeds the poultry industry through soy meal, India's most-used poultry protein ingredient.

Soybean MSP Kharif 2026-27 - ₹5,708/Quintal

The Minimum Support Price (MSP) for Soybean is ₹5,708 per quintal for Kharif 2026-27, announced by the Government of India on the recommendation of the Commission for Agricultural Costs and Prices (CACP). MSP is the floor price - government procurement agencies are obligated to buy at this rate, so you should never sell your soybean below ₹5,708/quintal. Today's market price of ₹5,670 is below MSP - consider selling to a government procurement centre at ₹5,708 instead of the open market. See the full Soybean MSP tracker with the year-on-year change and free alerts.

Why Soybean Prices Change

  • Seasonal arrivals: Prices fall when fresh harvest floods the mandi (peak arrival) and recover in the off-season. Knowing the soybean harvest window helps you time sales.
  • Weather: Drought, floods, frost or unseasonal rain damage the crop and cut supply, pushing prices up; a bumper harvest pushes them down.
  • Government policy: MSP sets a price floor; export bans/permissions, buffer-stock release and import duty all move prices.
  • Demand: Festivals, processing-industry demand and export orders raise prices.
  • Grade & quality: Clean, dry, well-graded produce always fetches a premium over mixed lots.

How to Get the Best Price for Your Soybean

💡 Top tip: Register on eNAM (National Agriculture Market) to sell your soybean directly to buyers across India - farmers typically get 10-15% better prices than the local mandi.
  1. Compare mandis: Check the state-wise rates above and visit 2-3 nearby mandis before selling - same-day rates can differ ₹100-500/quintal.
  2. Grade and clean your soybean - graded produce fetches 15-20% higher bids.
  3. Time the market: Avoid selling at peak-arrival when prices bottom out. Use a warehouse and a Kisan Credit Card loan to store and sell in the lean season.
  4. Use government procurement at MSP (₹5,708) if the market price falls below it.

Popular Soybean Varieties in India

  • JS-335 (Madhya Pradesh - most grown)
  • MAUS-61 (Maharashtra)
  • NRC-37 (early duration)
  • DSb-21 (Rajasthan)
  • MAUS-158 (Marathwada wilt resistant)

Soybean Uses & End Markets

  • Soy oil extraction (40% of Indian edible oil supply)
  • Soy meal/cake for poultry and fish feed
  • Soy flour and soy milk
  • Soy protein isolate for food manufacturing
  • Tofu, tempeh and soy-based health products

Grow Better Soybean - Inputs & Guidance

Higher quality means a higher price. For the best soybean crop: choose a high-yield Soybean seed variety, base fertilizer on a soil health card, follow the right pest-control schedule, and irrigate efficiently with a subsidised drip system. See the crop calendar for the ideal sowing window.