Weekly Review - Soybeans
13-Dec-2025 08:10 PM
Soybean prices soften due to weak demand from crushing units
New Delhi. Due to weak demand for value-added products, crushing and processing units showed little interest in purchasing soybeans during the week of December 6-12. This led to a softening of plant delivery prices for this important oilseed in the three top producing states – Madhya Pradesh, Maharashtra, and Rajasthan.
Rajasthan
It is noteworthy that the government is procuring soybeans from farmers at the Minimum Support Price (MSP) of Rs. 5328 per quintal in Maharashtra and Rajasthan, yet the plant delivery prices remain soft instead of showing an upward trend. In Madhya Pradesh, the Bhavantar Bhugtan Yojana (price difference payment scheme) has been implemented for soybeans this year.
Plant Prices
The plant delivery price of soybeans is still hovering between Rs. 4500/4700 per quintal, which is significantly below the government's support price. However, due to certain factors, a rise in soybean prices is expected in the coming days.
Import Costs
The depreciation of the rupee against the dollar has increased the import cost of edible oils. Consequently, Indian refiners have already canceled import contracts for approximately 70,000 tonnes of soybean oil for December-January shipments. This is expected to increase the demand for domestically produced soybean oil.
Soybean Oil (Refined)
During the week under review, the price of refined soybean oil also softened by Rs. 5-10 per 10 kg due to weak demand. Interestingly, in Kota, Rajasthan, good trading activity led to a Rs. 35 increase in the price of refined soybean oil, reaching Rs. 1280 per 10 kg, while in Kandla, Gujarat, it fell by Rs. 30 to Rs. 1250 per 10 kg. Prices remained almost stable in Mumbai and Haldia.
Soybean Meal (DOC)
Weak domestic and export demand for soybean meal (DOC) impacted prices, leading to a sharp decline of ₹800-900 per ton. In Maharashtra, prices at one unit fell by ₹900 to ₹34,300 per ton. Similarly, at another plant, prices dropped by ₹1,000 to ₹34,000 per ton. Prices were also observed to be somewhat softer in Rajasthan.