New Delhi. The sudden increase in soybean prices in the domestic market (more than Rs 7,500 per quintal, with a minimum support price of Rs 3,880) has frustrated the processing industry as it finds profits are being squeezed. Some trade associations allege that speculation in the derivatives market is rampant; However, a close examination of the data shows that the trading agency may be making the wrong tree.
All price chain participants are aware of the global and domestic market fundamentals that lead to price increases. Affected by La Nina in the United States, South America, Europe and Southeast Asia, the entire oilseed and fat complex caught fire.
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