Indore Soybean Market Witnesses Correction After Four-Month Highs


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In Indore, soybean prices, which had reached a four-month high, experienced a decline during the reviewed week, dropping by 2.3% to INR 4,738 per quintal, aligning with a correction in soymeal prices. Over the past month, soybean prices saw a modest increase of 2%, while over the last three months, they rose by 1%. However, spanning the last six months, prices witnessed an 8% decrease, and over the course of the past year, they declined by 15%. Meanwhile, during the same week, the weekly average price of refined soy oil in Indore remained subdued, falling by 2% to 945 rupees per 10 kilograms compared to the previous week.