In expectation of a good harvest, the union government announced a number of decisions on trade. In addition, some more easing of export restrictions on non-basmati rice and sugar can be expected in the next couple of months. The most important announcement was to raise import duty on edible oils as the sown area under soybean is 2.16 lakh hectares more than normal. The domestic prices of soybean were about 35 percent lower than the MSP as they were hovering in the range of Rs 3,200 to Rs 3,700 per quintal while the MSP is Rs 4892 per quintal. These prices were almost at par with the prices ten years ago. Madhya Pradesh is a major soybean producing state and it is the home state of the agriculture minister.