Mumbai, June 28 (Commodities Control) - The Indian soybean market is experiencing a significant increase in arrivals, attributed to a decrease in planting rates.
Total soybean arrivals across the country have reached 285,000 bags. Madhya Pradesh, the leading soybean producer in the country, contributed 125,000 bags. Maharashtra reported a substantial arrival of 115,000 bags, while Rajasthan reported 25,000 bags. The remaining states collectively accounted for an additional 20,000 bags in cumulative arrivals.
Various mandis across the country have witnessed variations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,400 to Rs 4,600 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,400 and Rs 4,550 per quintal, while Rajasthan reported prices ranging from Rs 4,400 to Rs 4,550 per quintal.
Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,600 to Rs 4,675 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,625 and Rs 4,725 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,550 to Rs 4,650 per quintal
The increase in arrivals despite lower planting rates indicates strong market dynamics and robust supply chains ensuring the steady flow of produce.