Friday, April 12, 2013

EPIC AGRI COMMODITY UPDATE:SOYBEAN

Soybean trading range for the day is 3837-4199.
Soyabean ended lower as a drop in overseas prices and weak exports demand for soymeal prompted profit-taking.
Export of Soyameal from India fell by over 12 per cent to 34.33 lakh tons in the 2012-13 fiscal.
Global soybean production is projected at 269.63 million tonnes, up from March estimates of 268 million tonnes.
At the Indore spot market in top producer MP, soybean dropped -43 Rs to 4136Re 100 kgs.

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