Latest soyabean market price today in Maharashtra (18 September 2024)

Soybean is a major crop in Maharashtra, and it plays a vital role among the oilseed crops in the state. As per the latest data from September 18, 2024, the prices of soybean vary across different markets in Maharashtra depending on the quality and arrival volumes. This article provides detailed information about the latest prices and arrivals in the key markets of Maharashtra.

Soybean market price in Maharashtra:

Soybean prices in the markets of Maharashtra depend on factors like crop quality, weather conditions, and market demand and supply. Below is a table showcasing the latest prices from major markets as of September 18, 2024:

Key Factors Affecting Soybean Prices:

1. Crop Quality: Soybean prices are generally higher for superior-quality crops, while lower-quality crops fetch lower prices.
2. Market Arrivals: Prices can drop when the market has a higher influx of soybeans, whereas limited supply can lead to increased prices.
3. Weather Conditions: Adverse weather conditions such as drought or excessive rain can affect crop production, leading to price fluctuations.

Comparative Analysis of Soybean Prices in Maharashtra:

There are significant variations in soybean prices across different markets in Maharashtra. For instance, in Chandur Bazar, the maximum price reached ₹5,311 per quintal, while Hinganghat recorded a minimum price of ₹2,800 per quintal. These differences largely depend on the volume of arrivals and the quality of the crop.

Conclusion: It is crucial for farmers in Maharashtra to stay updated on the latest market prices to sell their crops at the right time and in the right market. Soybean prices fluctuate based on factors such as crop quality, weather conditions, and market demand, and farmers should plan their sales strategy accordingly to maximize their earnings.