Indian Soybean Arrivals Decline as Plant Rates Decrease

Mumbai, March 4 (Commodities Control) - The Indian soybean market is facing a significant reduction in arrivals due to a decrease in plant rates.

The total soybean arrivals in the country have reached 310,000 bags, with Madhya Pradesh, the leading soybean producer, contributing 135,000 bags. Maharashtra reported a substantial arrival of 150,000 bags, while Rajasthan reported 15,000 bags. The remaining states collectively accounted for an additional 10,000 bags in cumulative arrivals.



Various mandis across the country have observed variations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,400 to Rs 4,600 per quintal. Maharashtra witnessed price fluctuations, hovering between Rs 4,400 and Rs 4,600 per quintal, while Rajasthan reported prices ranging from Rs 4,400 to Rs 4,550 per quintal.

Regarding soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,600 to Rs 4,700 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.



The decline in soybean arrivals can have implications for various sectors that rely on soybean as a key ingredient, including the animal feed and vegetable oil industries.


(By Commoditiescontrol Bureau: +91-98201 30172)