Mumbai, March 06 (Commodities Control) - The Indian soybean market is witnessing a significant steadiness in arrivals as plant rates remain unchanged.
Total soybean arrivals across the country have reached 245,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 100,000 bags. Maharashtra reported a substantial arrival of 125,000 bags, while Rajasthan reported 10,000 bags. 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 4,350 to Rs 4,550 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,350 and Rs 4,550 per quintal, while Rajasthan reported prices ranging from Rs 4,350 to Rs 4,500 per quintal.
Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,525 to Rs 4,650 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,550 and Rs 4,700 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,525 to Rs 4,600 per quintal.
The steady arrivals coupled with unchanged plant rates indicate a stable trend in the Indian soybean market, with prices reflecting regional supply and demand dynamics.
(By Commoditiescontrol Bureau: +91-98201 30172)
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