Mumbai, May 22 (Commodities Control) - The Indian soybean market is witnessing a notable decline in arrivals, attributed to the downturn in oil rates.
Total soybean arrivals across the country have reached 240,000 bags, with Madhya Pradesh, the leading soybean producer, contributing 100,000 bags. Maharashtra reported a significant arrival of 115,000 bags, while Rajasthan reported 13,000 bags. The remaining states collectively accounted for an additional 12,000 bags in cumulative arrivals.
Various mandis across the country have seen fluctuations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,500 to Rs 4,750 per quintal. Maharashtra observed price fluctuations between Rs 4,400 and Rs 4,650 per quintal, while Rajasthan reported prices ranging from Rs 4,500 to Rs 4,650 per quintal.
Regarding soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,775 to Rs 4,875 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,750 and Rs 4,825 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,700 to Rs 4,750 per quintal.
*(By Commoditiescontrol Bureau: +91-98201 30172)*
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