Mumbai, July 16 (Commodities Control) - The Indian soybean market is experiencing a significant decrease in arrivals, attributed to the stable plant rates.
Total soybean arrivals across the country have reached 185,000 bags. Madhya Pradesh, the leading soybean producer in the country, contributed 80,000 bags, while Maharashtra reported a substantial arrival of 80,000 bags. Rajasthan reported 15,000 bags, and the remaining states collectively accounted for an additional 10,000 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 4,200 to Rs 4,450 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,325 and Rs 4,450 per quintal, while Rajasthan reported prices ranging from Rs 4,275 to Rs 4,400 per quintal.
Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,475 to Rs 4,575 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,550 and Rs 4,635 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,450 to Rs 4,500 per quintal.
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