Mumbai, July 01 (Commodities Control) - The Indian soybean market is witnessing a significant increase in arrivals attributed to a decline in the plant rate.
Total soybean arrivals across the country have reached 270,000 bags. Madhya Pradesh, the leading soybean producer, contributed 110,000 bags, while Maharashtra reported 20,000 bags, and Rajasthan reported 10,000 bags. The remaining states collectively accounted for an additional 15,000 bags in cumulative arrivals.
Various mandis across the country have observed variations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,450 to Rs 4,650 per quintal. Maharashtra saw prices between Rs 4,400 and Rs 4,650 per quintal, while Rajasthan reported prices from Rs 4,400 to Rs 4,500 per quintal.
As for soybean plant prices, Madhya Pradesh reported a range of Rs 4,625 to Rs 4,700 per quintal. In Maharashtra, plant prices fluctuated between Rs 4,625 and Rs 4,750 per quintal. In Rajasthan, plant prices were recorded between Rs 4,550 and Rs 4,650 per quintal.
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