Indian Soybean Arrivals Decline Amidst Unchanged Plant Rates

April 22, Mumbai (Commodities Control) - The Indian soybean market is witnessing a notable decline in arrivals, attributed to unchanged plant rates.

Total soybean arrivals across the country have reached 225,000 bags, with Madhya Pradesh, the leading soybean producer, contributing 100,000 bags. Maharashtra reported a substantial arrival of 100,000 bags, while Rajasthan reported 13,000 bags. The remaining states collectively accounted for an additional 12,000 bags in cumulative arrivals.





Market dynamics have led to varied soybean prices across different regions. In Madhya Pradesh, prices ranged from Rs 4,550 to Rs 4,650 per quintal. Maharashtra observed fluctuations, with prices hovering between Rs 4,500 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,650 to Rs 4,675 per quintal.

Furthermore, soybean plant prices also displayed variability. Madhya Pradesh reported prices in the range of Rs 4,725 to Rs 4,830 per quintal, while Maharashtra witnessed fluctuations between Rs 4,725 and Rs 4,825 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,725 to Rs 4,800 per quintal.



The stagnation in plant rates has contributed to the downward trend in soybean arrivals, highlighting the intricate relationship between pricing mechanisms and market behavior in the agricultural sector.

(By Commoditiescontrol Bureau: +91-98201 30172)