Mumbai, March 19 (Commodities Control) - The Indian soybean market is witnessing a notable decrease in arrivals, attributed to a decrease in the plant rate.
Total soybean arrivals across the country have reached 210,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 90,000 bags. Maharashtra reported a significant arrival of 100,000 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 4,450 to Rs 4,550 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,450 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,450 to Rs 4,550 per quintal.
Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,650 to Rs 4,725 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,650 and Rs 4,750 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,600 to Rs 4,650 per quintal.
(By Commoditiescontrol Bureau: +91-98201 30172)