Soybean Prices

Soybean output may dip to 2%; MP, Rajasthan to cushion Maharashtra losses

India's soybean production is expected to decline marginally by 2.11 per cent to 107.93 lakh tonnes in the ongoing Kharif season despite drought-like conditions in several regions, the Soybean Processors Association of India (SOPA) has said. Higher output in Madhya Pradesh and Rajasthan will likely largely offset crop losses in Maharashtra, according to the association's first crop estimate report. The data was shared during the concluding session of SOPA's international soybean conference in Indore on Saturday. Soybean is a key oilseed crop that provides domestic cooking oil and a protein base for the livestock and poultry industries. Overall production is estimated to decline by 2.11 per cent from the previous season, the association said. It attributed the losses in Maharashtra, Karnataka and Telangana to prolonged dry spells and moisture deficiency during critical stages of crop growth. Soybean crops sown across a combined 7.02 lakh hectares in these three states were completel

Customs withholds 1,500 tonnes of soybeans over Niger origin claims

India allows duty-free imports from countries categorised as least-developed, such as Niger

Indian soybean acreage likely to rise on high prices, weak monsoon outlook

Soybean prices climbed to ₹7,587 per 100 kg last month, a four-year high and well above the government's support price of ₹5,328

Gold, silver, tea, coffee, oil: Commodity price rally over, say analysts

Since oil and gas prices did not join other commodities in their run up in the last few months, analysts believe they are likely to remain sideways at best, unless geopolitical events trigger a rally

Soybean production expected to fall by over 2 million tonnes: Industry body

The production of soybean, known as yellow gold' among farmers, is expected to decline in the country by about 20.5 lakh tonnes this year to 105.36 lakh tonnes, an industry association has said. The Soybean Processors Association of India (SOPA) cited the decrease in soybean acreage and productivity as well as the impact of adverse weather on the crop as reasons for the estimated fall. SOPA on Thursday released its annual report at the International Soy Conclave 2025 in Indore in the presence of hundreds of representatives of the oilseeds industry. According to the report, soybean was sown on 114.56 lakh hectares during the current Kharif season, and its production was 105.36 million tonnes, with an average productivity of 920 kg per hectare. The industry body said that during the 2024 Kharif season, soybean was sown on 118.32 lakh hectares in the country, and the production was 125.82 lakh tonnes, with average productivity of 1,063 kg per hectare. This year, the soybean crop suff

Between falling crop prices and electoral landslide: How Mahayuti prevailed

As farmers in North India, once again threaten another stir in demand of legal MSP, it remains to be seen how the Maharashtra poll results impact their agitation

Palm oil futures ends higher after 2 losing sessions as soyoil jumps

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Govt reduces import duty on refined soybean, sunflower oils to 12.5%

The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with effect from Thursday to boost the domestic availability and check prices, a finance ministry notification said. Usually, India imports 'crude' soybean and sunflower oils and not their 'refined' form. Yet, the government has reduced the duty on refined soybean and sunflower oils. With this reduction, the effective duty on refined edible oils stands at 13.7 per cent, including cess on social welfare. The effective duty on all major crude edible oils is 5.5 per cent. Commenting on this, Solvent Extractors' Association of India (SEA) Executive Director B V Mehta said the move may have some temporary impact on market sentiments but unlikely to attract imports. "Basically, government wants to keep the prices of edible oils under check. Even with less duty difference between crude and refined soya and sunflower oils, chances of shipment of refined soya and sunflower o

Rising soybean rates cheer farmers, rattle poultry and oilseed extractors

Trade sources said lack of clarity on whether or not import of GM soybean meal beyond Jan 31 has been allowed is raising market sentiments along with overall bullishness in the edible oils complex

Commodity Picks: 23 November, 2020

Soybean prices at the benchmark Indore market are trading at Rs 4,565 per quintal; Chana prices are trading at Rs 5,205 per quintal in the Delhi market

Commodity picks: 16 November, 2020

Soybean is trading at Rs 4,460 per quintal at the benchmark Indore markets; Seed prices at Deesa market are expected to trade towards Rs 4,570 - Rs 4,550 per quintal

Commodity picks: 9 November, 2020

Soybean is trading at Rs 4,406 per quintal at the benchmark Indore market; Barley in Jaipur is trading at Rs 1,450 per quintal

Commodity picks: 12 October, 2020

Festive demand will keep buyers active, while limited availability will support prices

Commodity picks: 21 September, 2020

Soybean at the benchmark Indore market is trading at Rs 3,969 per quintal; Wheat is trading at Rs 1,800 per quintal in Delhi

Commodity picks: 7 September, 2020

Weak demand from processors, and upcoming new crop arrival pressure is expected to keep the trend weak for soybean

Commodity picks: 24 August, 2020

Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market

Commodity picks: 6 July, 2020

Soybean is trading at Rs 3,717 per quintal at the benchmark Indore market

Commodity picks: May 18, 2020

Maize prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks

Global price disparity to cut India's soymeal exports by half in 2018

Soybean prices have jumped by 33 per cent after hitting a recent low of Rs 2,850 a tonne in December 2017

Soybean rates spike in Madhya Pradesh, Maharashtra

The sharp rise comes weeks after MP's price deficit scheme closed in December