Agri Commodity: Soybean prices are seen in the international market. Soybean prices crossed $ 10.60 per bush. After February 2025, the prices of soybean have reached a height. US-China’s temporary deal gained momentum. China will impose 10% tax on US product. There will be 30% tax on China’s product. Both countries will take stock of the situation for 90 days. Due to the tariff war, China was buying a product from Brazil.
Light boom in soybean prices is possible
Nirav Desai of GGN Research It says that the deal between the US -China is being seen on the prices of soybean. China’s import of Syobin was stopped due to high duty. America is the world’s largest soybean exporter. China is the largest soybean importing country in the world. He further said that USDA is expected to fall soybean production in the US. Soybean production may fall in the US next year. The price of CPO is reduced by soybean.
Nirav Desai further said that the price of palm has reduced by 30-40 dollars of soybean. The government has a fine stock of soybean. Farmers are no longer soybean. Soybean stock is with the government and traders. He further said that the prices of soybean may show a slight rise.
Purchase of wheat reached 4 years height
Another important news related to Agri Commodity is coming out. The purchase of wheat has reached a height of 4 years. Wheat is being procured for the 2025-26 Rabi season, which is 16% higher last year. The government has so far bought 29 million tonnes of wheat.
After 2021-22, the government has bought the most wheat. A total of 37.48 million tonnes in the mandis have come. Explain that the government’s wheat procurement target is 33 million tonnes.
In 2021-22, the government purchased 43.34 million tonnes of wheat while in 2022-23, 18.79 million tonnes, 26.20 million tonnes in 2023-24, 26.61 million tonnes in 2024-25 and 29.00 million tonnes in 2025–26.
Wheat prices expected to remain stable
RFMFI’s Navneet Chitlangia Says that wheat has been produced by bumper production this year. This year, wheat prices are expected to remain stable. Because the government has a very good amount of wheat stock. This year 30 million tonnes of government procurement may be done. Private players’ wheat procurement has also been good.
He further said that the arrival of wheat in the mandis is now decreasing. There is a demand from the government to start export of wheat products.
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