Friday, August 10, 2018

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 10 AUGUST 2018


  • Soyabean trading range for the day is 3315-3379.
  • Soyabean dropped on late profit booking after prices gained tracking firmness in overseas prices with the market underpinned by forecasts of hot and dry weather.
  • Indian government increased export subsidy on soymeal from 7% to 10% to make it competitive in international market.
  • China’s soybean imports in July fell from a month ago, customs data showed.
  • At the Indore spot market in top producer MP, soybean dropped  -35 Rupees to 3503 Rupees per 100 kgs.

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