Indian Soybean Arrivals Down Due to Stable Plant Rates

Mumbai, July 05 (Commodities Control) - The Indian soybean market is experiencing a significant decrease in arrivals, attributed to stable plant rates.




Total soybean arrivals across the country have reached 270,000 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 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 4,300 to Rs 4,500 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,300 and Rs 4,450 per quintal, while Rajasthan reported prices ranging from Rs 4,350 to Rs 4,475 per quintal.




Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,500 to Rs 4,600 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,580 and Rs 4,650 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,525 to Rs 4,575 per quintal.