# Mandi Rates: Soybean and Pigeon Pea Prices Surge, Giving Farmers Prices Above MSP

> Indian mandi prices for soybeans have risen to about ₹7,000 per quintal, roughly 55% above last year and ₹1,292 above the minimum support price. Pigeon pea has climbed about 50% to around ₹10,500 per quintal, while chickpeas, mustard and wheat have also become more expensive; weak monsoon conditions and low soil moisture may affect rabi sowing.

- Date: 2026-11-07 · published 2026-11-07T13:38:34.934Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/86103-mandi-rates-soybean-and-pigeon-pea-prices-surge-giving-farmers-prices-above-msp
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger soybean prices can encourage farmer sales while raising the cost of domestic oilseed supplies and potentially soybean meal. Higher wheat prices also point to firmer local grain costs, though the article gives no new supply or demand data explaining the moves.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Sources

- abplive.com: https://www.abplive.com/agriculture/mandi-rate-today-soybean-tur-chana-mustard-market-rates-above-msp-3212176

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.