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Tuesday, April 11, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 11 April 2017

  • Soyabean trading range for the day is 2880-2958. 
  • Soyabean dropped tracking weakness in spot demand on oversupply woes despite of hope of higher demand.
  • Prices remained under pressure on expectation of bumper output in India and other top producers of the world. NCDEX accredited warehouses soyabean stocks dropped by 1679 tonnes to 186561 tonnes. 
  • At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3042 Rupees per 100 kgs.
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