Weekly Review – Soybean

18-Jul-2026 08:31 PM

Sharp Surge in Soybean Prices Driven by Strong Buying from Crushing Units

New Delhi: During the week of July 11–17, soybean plant delivery prices witnessed a significant increase of ₹300 to ₹500 per quintal. This surge was driven by limited arrivals in key markets across major producing states—Madhya Pradesh, Maharashtra, and Rajasthan—coupled with robust demand from crushing and processing units.
Soybean (Plant Delivery)
Consequently, the plant delivery price of soybean has climbed back to the range of ₹7,200–₹7,700 per quintal. Due to tight domestic supplies and high prices, substantial quantities of soybean are currently being imported. By June 2026, 7.70 lakh tonnes of soybean had already been imported.
Refined Soy Oil
However, the price of refined soy oil did not see a corresponding rise; it increased by only ₹1 to ₹3 per kilogram. Selling activity from some plants remained limited. Refined soy oil prices were already at a high level of ₹145 per kilogram. Prices rose by ₹2 per kilogram at several plants in Maharashtra. The price remained steady at ₹1,500 per 10 kg in Kota, while it improved by ₹5 per 10 kg in both Mumbai and Kandla, reaching ₹1,465 and ₹1,450 per 10 kg, respectively; in Haldia, it rose by ₹20 to reach ₹1,450–₹1,455 per 10 kg.
Arrivals
Significant fluctuations in daily soybean arrivals were observed at the national level during the week under review. Arrivals stood at 1.05 lakh bags on July 13, dropped to 55,000 bags on July 14, but rose to 1.40 lakh bags on July 15. Soybean arrivals of 1.10 lakh bags (100 kg each) were recorded on July 16 and 17.
Soy Meal (DOC)
Prices of soy DOC saw a sharp rise of ₹3,000 to ₹5,000 per tonne, particularly in Maharashtra. However, domestic and export demand is likely to weaken at these higher price levels.