Farmers set to plant more land with soybean crops as prices rally

Local soybean prices have risen nearly 14 percent to 3,716 rupees ($53.31) per 100 kg since the start of the 2018 crop year on Oct. 1, boosted after India raised the duty on importing soyoil, palm oil and other cooking oils.

Farmers set to plant more land with soybean
Most Indian farmers typically begin cultivating soybeans, cotton and pulses, which are rain-fed crops, in June after the arrival of the monsoon. Photo: Reuters

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