login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Indian Soybean Arrivals Down Amidst Decline in Oil Prices

18 Apr 2024 1:08 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
Mumbai, April 18 (Commodities Control) - The Indian soybean market is currently experiencing a notable decline in arrivals, a trend attributed to the downward movement of oil prices.

Total soybean arrivals across the country have reached 210,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 85,000 bags. Maharashtra reported a substantial arrival of 100,000 bags, while Rajasthan reported 13,000 bags. The remaining states collectively accounted for an additional 12,000 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 4,550 to Rs 4,650 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,500 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,650 to Rs 4,700 per quintal.

Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,700 to Rs 4,775 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,650 and Rs 4,750 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,700 to Rs 4,750 per quintal.



The decline in soybean arrivals comes amidst a broader context of fluctuating oil prices, which continue to impact agricultural markets worldwide


(By Commoditiescontrol Bureau: +91-98201 30172)

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Gujarat Castor Market Remains Stable Amidst Reduced Arr...
Peanut Prices Rise in Saurashtra Amidst Strong Crushing...
OIL SPOT PRICES : 22-Jun-2024
Mustard Seed Complex Continues Bearish Trend Amid Weak ...
Indian Soybean Arrivals Down Due to Stable Plant Rates
more
Top 5 News
Farm Bodies Push for Import Duties, Tenant Farmer Benef...
Gujarat Sugar Prices -22 June 2024
Uttar Pradesh Sugar Prices -22 June 2024
Panjab Sugar Prices -22 June 2024
Prices Improve in Gujarat Due to Local Demand for Cumin...
Top 5 Special Reports
US soybean net sales for June 7-13 at 556,500 MT, up 48...
US cotton net export sales for June 7-13 at 189,000 RB,...
Government Raises Kharif Crop MSPs for 2024-25, Enhanci...
South Australia's 2024-25 Winter Crop Production Foreca...
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Copyright © CC Commodity Info Services LLP. All rights reserved.