Soybean prices at the benchmark Indore markets are trading at Rs 2,766 per quintal. In the coming days, prices are expected to head towards Rs 2,800 per quintal. Declining arrivals at mandis amid strong demand from processors would lend support to prices.
Domestic sugar prices are expected to trade lower due to start of crushing season. Currently, prices are quoting at Rs 3,557 per quintal at Kolhapur. Prices are likely to trade lower towards Rs 3,510 per quintal in a couple of weeks.
Prerana Desai, VP-Research -Edelweiss Agri Services and Credit, Edelweiss Agri Value Chain
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