Mumbai, May 18 (Commodities Control) - The Indian soybean market is facing a significant downturn in arrivals, primarily attributed to a lack of demand for soybean oil.
Total soybean arrivals across the nation have dwindled to 200,000 bags, marking a notable decline in supply. Madhya Pradesh, the leading soybean producer in India, contributed 80,000 bags to this total. Maharashtra reported a substantial arrival of 100,000 bags, while Rajasthan accounted for 10,000 bags. The remaining states collectively added an additional 10,000 bags to the cumulative arrivals.
Mandis (marketplaces) across the country have witnessed fluctuations in soybean prices, reflecting regional variations. In Madhya Pradesh, soybean prices ranged from Rs 4,550 to Rs 4,725 per quintal. Maharashtra observed price fluctuations, with rates hovering between Rs 4,525 and Rs 4,700 per quintal, while Rajasthan reported prices ranging from Rs 4,600 to Rs 4,700 per quintal.
Soybean plant prices have also exhibited variability across different regions. In Madhya Pradesh, plant prices ranged from Rs 4,775 to Rs 4,875 per quintal. Maharashtra witnessed fluctuations, with plant prices oscillating between Rs 4,750 and Rs 4,825 per quintal. Rajasthan reported plant prices in the range of Rs 4,750 to Rs 4,800 per quintal.
The decline in soybean arrivals underscores the challenges faced by the industry amidst sluggish demand for soybean oil. Industry analysts suggest that concerted efforts are needed to stimulate demand and stabilize the soybean market, ensuring the sustainability of India's agricultural sector.
*(By Commoditiescontrol Bureau: +91-98201 30172)*
0 Comments 
Post Comment 
