Record Surge in Akola: Soybean Prices Hit 5-Year High at ₹7,500 per Quintal; Farmers Rejoice as Markets Boom

The soybean market in Vidarbha has taken a dramatic turn, bringing a wave of satisfaction to the farming community. As of May 13, 2026, reports from the Akola APMC show that soybean prices have reached their highest level in the last five years. Just a day prior, on Monday (May 11), prices were ranging between ₹6,300 and ₹6,795 per quintal. However, within 24 hours, the rates surged by nearly ₹700, touching the ₹7,500 mark for seed-grade produce.

Key Factors Behind the Price Hike:

• International Trends: Global market shifts and a significant increase in the demand for edible oils have tightened domestic supply.

• Limited Arrivals: Daily arrivals at the Akola market are currently between 1,500 to 2,000 quintals. Most of this stock is from farmers who have held their produce for several months in anticipation of better rates.

• Stock Liquidation: Seeing the record rates, some traders and farmers have even started bringing out stocks stored for the last two to three years to capitalize on the boom.

This upward trend is not limited to Akola; other major markets in West Vidarbha like Khamgaon, Washim, and Karanja have also seen prices crossing the ₹6,000 mark recently, but Akola remains the frontrunner with this week's record-breaking performance. Analysts suggest that if the international demand remains strong and sowing for the next season faces any delays, prices might see further support in the coming weeks.