Indian Soybean Arrivals Dip as Some Mandis Close

Mumbai, May 10 (Commodities Control) - The Indian soybean market is witnessing a notable decline in arrivals, attributed to the closure of several mandis across the country


Total soybean arrivals nationwide have dwindled to 90,000 bags, with Madhya Pradesh, the leading soybean producer, contributing 30,000 bags. Maharashtra reported a significant arrival of 50,000 bags, while Rajasthan trailed with 5,000 bags. The remaining states collectively accounted for an additional 5,000 bags in cumulative arrivals.



The closure of several mandis has disrupted the flow of soybeans, impacting prices in various regions. In Madhya Pradesh, soybean prices ranged from Rs 4,550 to Rs 4,625 per quintal. Maharashtra observed price fluctuations, with rates oscillating between Rs 4,450 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,550 to Rs 4,650 per quintal. Analysts attribute the decline in arrivals and the price fluctuations to the closure of mandis, which has hindered the usual distribution channels. The disruption in the supply chain has prompted concerns among market participants regarding the stability of soybean prices in the near term




In terms of soybean plant prices, Madhya Pradesh reported rates in the range of Rs 4,700 to Rs 4,800 per quintal. Maharashtra witnessed variability, with prices fluctuating between Rs 4,700 and Rs 4,800 per quintal. In Rajasthan, plant prices were recorded between Rs 4,700 and Rs 4,775 per quintal. Market observers anticipate that the situation may persist until the affected mandis resume operations, underscoring the importance of swift resolution to mitigate further market disruptions. *(By Commoditiescontrol Bureau: +91-98201 30172)*