New Delhi. Due to the 20 percent increase in import duty on edible oils by the Central Government and the decrease in imports from abroad in September, a good increase in the plant delivery price of soybean was expected because the festive season is still going on, but on the contrary, during the week of October 4 to 10, the price of this important oilseed remained somewhat strong in Madhya Pradesh (MP) but softened in Maharashtra. In fact, the Maharashtra government has estimated soybean production to jump from 66.68 lakh tonnes in the last season to a peak level of 73.27 lakh tonnes in the current marketing season and the supply of its new goods is also increasing there, so there is pressure on prices.

The supply of soybean has started increasing. Its arrival at all India level was recorded as 3.50 lakh bags on October 5, 5 lakh bags on October 7, 7.50 lakh bags on October 8, 7 lakh bags on October 9 and 4.25 lakh bags (each bag of 100 kg) on ​​October 10. Heavy arrival of new soybean has started in the three top producing states - Madhya Pradesh, Maharashtra and Rajasthan.