Govt sets soya bean price at $610/tonne, 22% higher than market price
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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.
FeedbackWe have a great anticipation that the move will spur soya beans production from A1, communal farmers, old resettlement and small-scale farmers.
More: Chronicle
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