Mumbai, April 2 (Commodities Control) - The Indian soybean market is currently experiencing a decline in arrivals, attributed to a decrease in the plant rate.
Total soybean arrivals across the country have reached 205,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 75,000 bags. Maharashtra reported a significant arrival of 100,000 bags, while Rajasthan reported 15,000 bags. The remaining states collectively accounted for an additional 15,000 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 4,500 to Rs 4,650 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,450 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,500 to Rs 4,600 per quintal.
Regarding soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,675 to Rs 4,775 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,650 and Rs 4,775 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,625 to Rs 4,700 per quintal.
The decline in soybean arrivals is expected to impact the market in the coming days, with stakeholders closely monitoring the situation.
(By Commoditiescontrol Bureau: +91-98201 30172)
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