Mumbai, March 20 (Commodities Control) - The Indian soybean market is witnessing a notable decrease in arrivals, primarily attributed to the downturn in plant oil prices.
Total soybean arrivals across the country have reached 200,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 80,000 bags. Maharashtra reported a substantial 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.
The decline in arrivals has been accompanied by variations in soybean prices across different regions. In Madhya Pradesh, soybean prices ranged from Rs 4,400 to Rs 4,550 per quintal. Maharashtra observed price fluctuations, with prices hovering between Rs 4,400 and Rs 4,600 per quintal, while Rajasthan reported prices ranging from Rs 4,400 to Rs 4,500 per quintal.
Regarding soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,600 to Rs 4,650 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,600 and Rs 4,675 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,550 to Rs 4,600 per quintal.
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