Higher oilseed price may prompt Indian farmers to expand area
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Soybean prices are currently ruling higher than the minimum support price (MSP) of ₹5,708 per quintal announced by the Government for the 2026-27 marketing season
Key Facts
Type Policy
Source BusinessLine - Economy
Published Tuesday, 9 June 2026
Affected Population ~150 million farming households, 42% of workforce
Key Numbers
Agri budget: Rs 1.52 lakh crore (2025-26)
MSP for 23 crops
PM-KISAN: Rs 6,000/year to 9 crore farmers
PMAY: 4.13 crore houses total sanctioned
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right