Mumbai, July 08 (Commodities Control) - The Indian soybean market is experiencing a significant decrease in arrivals, attributed to a decline in planting rates.
Total soybean arrivals across the country have reached 265,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 125,000 bags. Maharashtra reported a substantial arrival of 100,000 bags, while Rajasthan reported 20,000 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 4,300 to Rs 4,500 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,400 and Rs 4,500 per quintal, while Rajasthan reported prices ranging from Rs 4,350 to Rs 4,500 per quintal.
Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,550 to Rs 4,650 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,575 and Rs 4,700 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,550 to Rs 4,600 per quintal
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