Weekly Review - Soybean
30-Aug-2025 07:34 PM
Weak demand from millers at higher levels puts pressure on soybean prices
New Delhi. For the last few weeks, there was an environment of ups and downs in soybean prices and its price had increased to the minimum support price (Rs 4892 per quintal) or even above it, but due to weak demand for crushing-processing at this high level, the prices of this important oilseed fell by Rs 100-200 per quintal during the week of August 23-29.
Plant Price
Soybean business remained weak in all three top producing states - Madhya Pradesh, Maharashtra and Rajasthan, due to which its plant delivery price came down to Rs 4600/4700 per quintal. At the national level, soybean production area is lagging behind last year and there are also reports of damage to the crop due to excessive rain and floods in some areas.
Soy Oil (Refined)
Due to weak prices of soybean, the prices of soy refined oil also softened by Rs 2-4 per kg. In one or two units of Dewas, Mandsaur, Pithampur and Ujjain in Madhya Pradesh, its price declined by 18 to 40 rupees per 10 kg. Similarly, in plants of Maharashtra also, there was a decline of 20-30 rupees per 10 kg. In a plant in Nagpur, the price fell by 45 rupees to 1225 rupees per 10 kg. The price of soya refined oil remained stable at 1260 rupees per 10 kg in Kota, but fell by 10 rupees to 1250 rupees in Mumbai and 20 rupees each in Kandla and Haldia to 1220 rupees and 1205/1210 rupees per 10 kg respectively. The domestic demand for soya refined oil weakened somewhat. The price of crude degummed soyabean oil remained weak in the international market and especially in Argentina.
Soya Cake (DOC)
Domestic and export demand for soya DOC was seen to be somewhat sluggish. The animal feed and poultry feed industry is getting good quantity of cheap DDGS, hence its interest in buying expensive soymeal has reduced. On the other hand, soymeal from Argentina and Brazil is available at cheap price in the international market and there is pressure on Chicago Exchange also, hence the purchase of Indian soymeal is decreasing in the importing countries of South Asia and South-East Asia.