In a surprising turn for the agricultural sector, both corn and soybean have seen a bumper arrival across major mandis this week. Favorable weather conditions and higher-than-expected yields have led to record supplies, pushing prices to their lowest levels in recent months.
According to traders, the sudden glut in the market has resulted in a sharp decline in spot prices. Farmers are expressing concern as the fall in rates could impact their profit margins, especially with input costs remaining high.
Experts believe that unless procurement agencies or exporters step in to absorb the surplus, prices may continue to remain under pressure. Market analysts are also watching global trends closely, as international demand could play a key role in stabilizing domestic prices in the coming weeks.
