Weekly Review – Soybean
14-Mar-2026 08:17 PM
Limited Price Fluctuations in Soybean, Driven by Plant Demand
New Delhi: Soybean supplies are flowing normally into the major markets (mandis) of the country's top three producing states—Madhya Pradesh, Maharashtra, and Rajasthan. Consequently, price fluctuations are being observed in line with the demand from crushers and processors. While soybean plant delivery prices witnessed a significant upward trend during the last week of February and the first week of March, the week spanning March 7–13 saw only limited price volatility.
MSP
The Minimum Support Price (MSP) for soybean for the current 2025-26 season has been fixed at ₹5,328 per quintal. In contrast, current plant delivery prices are being reported at ₹5,450–₹5,550 per quintal in Madhya Pradesh, ₹5,550–₹5,650 per quintal in Maharashtra, and ₹5,425–₹5,450 per quintal in Rajasthan.
Refined Soy Oil
Driven by the rise in soybean prices, the rates for refined soy oil also witnessed a slight recovery. An increase of up to ₹55 per 10 kilograms was observed in this segment. During the week under review, refined soy oil prices rose by ₹50 per 10 kg in both Kota and Mumbai, reaching ₹1,440 and ₹1,400 per 10 kg, respectively. Similarly, prices in Kandla and Haldia increased by ₹45 per 10 kg each, reaching ₹1,390 and ₹1,415 per 10 kg, respectively.
Arrivals
At the national level, the average daily arrival of soybeans was recorded at approximately 200,000 bags (each weighing 100 kg).
Soy Meal (DOC)
However, domestic and export demand for Soy DOC (De-oiled Cake) remained weak, resulting in a general decline of ₹500 to ₹1,500 per tonne in its prices. At one plant in Maharashtra, its price dropped by ₹4,000 to ₹45,000 per tonne.