Weekly Review – Soybean
11-Apr-2026 07:41 PM
Soybean Prices Soften Due to Weak Demand from Crushing Units
New Delhi: As the pace of buying by crushing and processing units slowed down during the week of April 4–10, the plant delivery prices of soybean in the country's top three producing states—Madhya Pradesh, Maharashtra, and Rajasthan—softened slightly; nevertheless, they remained above the government's Minimum Support Price (MSP). It is noteworthy that, due to low arrivals in the *mandis* (wholesale markets) and persistently high prices, the central agency NAFED has been regularly selling off its soybean stocks.
Plant Prices
During the week under review, the plant delivery prices for soybean were recorded at ₹5,625–₹5,750 per quintal in Madhya Pradesh, ₹5,700–₹5,800 per quintal in Maharashtra, and ₹5,550–₹6,000 per quintal in Rajasthan.
Refined Soy Oil
A decline of ₹3 to ₹5 per kilogram was also recorded in the prices of refined soy oil. Mills in Maharashtra witnessed a more significant decline. Similarly, soybean oil prices fell by ₹30 each in Kota and Haldia—settling at ₹1,560 and ₹1,510 per 10 kg, respectively; in Kandla, prices dropped by ₹40 to ₹1,535 per 10 kg; and in Mumbai, they slid by ₹70 to reach ₹1,500 per 10 kg.
Ceasefire
Prices also softened due to bearish news from the global market. The announcement of a temporary ceasefire between the United States and Iran, coupled with a decline in crude oil prices, is exerting a psychological impact on the market.
Arrivals
At the national level, soybean arrivals in the *mandis* stood at 125,000 bags on April 4; after peaking at 180,000 bags on April 6, arrivals subsequently declined to 170,000 bags on April 8. Trading activity in soy meal remained sluggish, resulting in a price drop of ₹500 to ₹1,300 per tonne.