Weekly Review – Soybean
01-Aug-2026 08:08 PM
Soybean Prices Soften Due to Reduced Buying at High Rates
New Delhi: During the week of July 25–31, interest from crushers and processors in purchasing soybean at high prices waned due to continued heavy imports of soybean oil and the declining competitiveness of Indian soybean meal in the international export market.
Plant Prices
Consequently, plant delivery prices for soybean dropped by ₹100 to ₹350 per quintal across the three top producing states: Madhya Pradesh, Maharashtra, and Rajasthan. In Maharashtra, prices fell by ₹330 per quintal at a plant in Dhule and by ₹420 per quintal at a plant in Nandurbar.
Refined Soy Oil
This trend also impacted the price of refined soy oil, which saw a decline of ₹10–₹25 per 10 kg in Madhya Pradesh and ₹15–₹40 per 10 kg at plants in Maharashtra. Prices slipped by ₹15 to ₹1,450 per 10 kg in Kandla, fell by ₹23 to ₹1,440 per 10 kg in Haldia, dropped by ₹25 to ₹1,485 per 10 kg in Kota, and slid by ₹40 to ₹1,440 per 10 kg in Mumbai.
Market Arrivals
Arrivals of soybean in the markets of major producing states stood at 1.40 lakh bags on July 27. They dropped to 1.15 lakh bags on July 28 and further to 50,000 bags on July 29, before recovering to 1.10 lakh bags on July 30. Each bag of soybean weighs 100 kg (1 quintal).
Production
The area under soybean cultivation has come very close to last year's levels, and the condition of the crop is currently reported to be satisfactory. The weather and monsoon conditions during the current month (in India) will prove to be extremely important for this crucial oilseed crop.