Govt sets soya bean price at $610/tonne, 22% higher than market price

Minister of Agriculture, Mechanisation and Irrigation Development Dr Joseph Made announced that the government has set the price for soya beans financed under the Presidential Input Scheme during the 2017/18 season. The soya beans will be going for $610 per tonne which is 22 percent higher than the prevailing market rate. The country requires 300 000 tonnes of soya beans for production of edible oil.

Said Made:

The $610 per tonne of soya beans price will be our price for the 2017 /2018 season under the Presidential Input Scheme and we urge all farmers who benefit from the programme to deliver the crop to the Grain Marketing Board.

We have a great anticipation that the move will spur soya beans production from A1, communal farmers, old resettlement and small-scale farmers.

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