Weekly Review – Soybean
25-Apr-2026 07:28 PM
Soybean Prices Surge Amidst Robust Buying by Oil Millers
New Delhi: Driven by limited arrivals of produce in key markets (*mandis*) across major producing states and sustained strong demand from crushing and processing units, soybean plant delivery prices recorded a substantial increase of ₹200 to ₹400 per quintal during the week of April 18–24. Consequently, soybean prices in Madhya Pradesh, Maharashtra, and Rajasthan surged to levels exceeding ₹6,000 per quintal. This trend is proving beneficial for farmers.
Soybean Plants
Buying activity by processing plants in Maharashtra remained exceptionally vigorous, with soybean prices in some units reaching as high as ₹6,300 per quintal. For one crushing mill in Rajasthan, the price touched ₹6,450 per quintal.
Soy Oil (Refined)
However, refined soy oil prices did not witness the anticipated increase. Prices saw a marginal improvement of just ₹1 to ₹3 per kilogram, while in some units, rates actually softened slightly. The price of refined soy oil remained stable at ₹1,500 per 10 kg in Kota; meanwhile, it improved by ₹5 to reach ₹1,485 in Kandla, and rose by ₹20 to reach ₹1,475–₹1,480 per 10 kg in Haldia. Conversely, in Mumbai, prices declined by ₹50 to settle at ₹1,450 per 10 kg. It is understood that demand for refined soy oil remained subdued due to the onset of the summer season and prevailing high price levels.
Arrivals
During the week under review, the average daily arrival of soybeans in the markets of major producing states stood at 140,000 bags (sacks), with each bag weighing 100 kilograms.
Stock Sales
While the peak season for soybean supply has concluded, government-held stocks are currently witnessing robust sales. Global market prices for soy oil continue to remain firm. In Maharashtra, strong trading activity in soy meal has kept prices significantly bullish.