As an AI language model, I don’t possess the current market information regarding the prices or market rates of soybeans specifically in Hingoli market. However, I can assist you in providing some general insights regarding the soybean market trend.
Soybean is an important crop grown worldwide for its oil and protein that is used in human food and animal feed. India is also a significant producer of soybean and it holds a crucial place in Indian agriculture. Maharashtra, Madhya Pradesh, Rajasthan, and Chattisgarh are the major soybean producing states in India.
Depending upon the demand and supply of soybeans in the market, the market rates keep fluctuating. Factors like monsoon, import-export, government policies, and the global market also impact the rates. The market prices are directed by the various forces acting upon its supply and demand.
Moreover, the COVID-19 pandemic has also had an impact on the soybean market. It has disrupted the supply chain cycle that has affected the prices of commodities across the globe. The soybean market, too, has seen variations in prices due to the pandemic situation.
Keeping in mind the production and stocks of soybeans, the market rate of soybean may vary from state to state, market to market, or region to region.
If you are looking for the latest market rates of soybeans in the Hingoli market, it is always advisable to consult with the local commodity brokers or market dealers in the region. They hold a better understanding and knowledge of the ongoing market trends and prices of soybeans and can provide accurate information.