Mumbai, April 13 (Commodities Control) - The Indian soybean market is witnessing a notable decline in arrivals, a trend attributed to the decrease in oil rates.
Total soybean arrivals across the country have reached 135,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 50,000 bags. Maharashtra reported a substantial arrival of 75,000 bags, while Rajasthan reported 5,000 bags. The remaining states collectively accounted for an additional 5,000 bags in cumulative arrivals.
Soybean prices have displayed regional variations. In Madhya Pradesh, soybean prices ranged from Rs 4,600 to Rs 4,750 per quintal. Maharashtra observed price fluctuations, with prices ranging between Rs 4,500 and Rs 4,700 per quintal, while Rajasthan reported prices ranging from Rs 4,600 to Rs 4,750 per quintal.
Regarding soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,850 to Rs 4,925 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,800 and Rs 4,900 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,850 to Rs 4,900 per quintal.
The downward trend in soybean arrivals is seen as a response to the falling oil rates, which are impacting the overall soybean market in India.
(By Commoditiescontrol Bureau: +91-98201 30172)
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