Analysis

India's Soybean Prices Dropped 17.51% YoY in W9 Amidst Global Supply Surge

Soybean
India
Market & Price Trends
Published Mar 1, 2024
In W9, Indian soybean prices decreased by 17.51% YoY, reaching USD 0.52/kg, with a 4% MoM increase but a 2% WoW decrease. Global oversupply drove this decline, impacting India's market and potentially slowing export shipments. In Maharashtra, where soybeans are crucial alongside other crops, farmers face financial strain due to low prices, with some considering halting soybean cultivation in the future.
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