Soyabean dropped on profit booking after gaining on improvement in demand for the bean in export market and domestic market and on supply worries.
Prices of the bean were also supported speculation of lower supply of the crop in local market after IMD forecasted below normal rainfall in its initial estimates.
SOPA has slashed its soybean production estimate for 2014-15 to 10 million tons, down 0.4 million tons from previous estimate owing to yield losses.
At the Indore spot market in top producer MP, soybean gained 63 rupee to 4154 rupee per 100 kgs.
For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
No comments:
Post a Comment
Note: only a member of this blog may post a comment.