Mumbai, March 22 (Commodities Control) - The Indian soybean market is witnessing stable arrivals, largely attributed to the steady oil rates prevailing in the market.
Total soybean arrivals across the country have reached 200,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 75,000 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 fluctuations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,450 to Rs 4,600 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,350 and Rs 4,500 per quintal, while Rajasthan reported prices ranging from Rs 4,350 to Rs 4,550 per quintal.
Soybean plant prices also displayed variability across different regions. Madhya Pradesh reported plant prices in the range of Rs 4,625 to Rs 4,700 per quintal. In Maharashtra, plant prices fluctuated between Rs 4,600 and Rs 4,675 per quintal, while in Rajasthan, plant prices were recorded in the range of Rs 4,575 to Rs 4,625 per quintal.
The stability in soybean arrivals amid steady oil rates indicates a balanced market sentiment, with stakeholders closely monitoring price movements for potential future trends.
(By Commoditiescontrol Bureau: +91-98201 30172)
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