Soybean Prices Rise on Export Demand

The soybean market is witnessing a steady uptrend driven by active buying from solvent plants, with both soybean oil and DOC (De-oiled Cake) prices moving higher. Strong domestic and export demand for DOC is supporting further gains, promising better returns for traders. Soybean arrivals in Madhya Pradesh, Rajasthan, and Maharashtra have dropped sharply, making procurement difficult for solvent plants. Prices that were earlier at ₹4650–4675 per quintal have now risen to ₹4750–4800 per quintal (plant delivery). Soybean oil has also strengthened by ₹2–3 per quintal. Globally, soybean prices in Brazil, Argentina, and China have surged, while higher international rates for soy DOC and edible oils in Malaysia and Indonesia have boosted crushing activity, maintaining bullish sentiment. Soy DOC prices have jumped by ₹2000 per tonne to ₹35,000–35,200 (Kota) and ₹33,600–34,000 (Datia, Neemuch). With traders’ old stocks already sold at lower prices and production estimated 22–23% lower in key producing states due to reduced sowing and rain damage, supplies remain tight. Soybean mandi prices, earlier ₹4100–4200 per quintal, have climbed to ₹4400–4500, while plant delivery is now at ₹4700–4800 per quintal across Rajasthan, Maharashtra, and Madhya Pradesh. DOC prices have risen to ₹35,400–35,700 per tonne (Kota) and ₹34,200–34,600 per tonne (Neemuch). Active competition among solvent plants to fulfill pending DOC export orders is expected to push prices up by another ₹2000 per tonne in the next fortnight. Soybean oil, currently ₹126 per kg, may reach ₹130 per kg (Itarsi–Indore line), while soybean prices in Rajasthan mandis could rise to ₹4800–4900 per quintal. Tight supply conditions continue to underpin a firm tone in both soybean and DOC markets.

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