EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 April 2017

Soyabean trading range for the day is 2898-2948. Soyabean prices gained due to expectations of higher demand from crushers and in export market. Lower arrivals in the mandis due hoarding by farmers and demand hope also supporting prices. NCDEX accredited warehouses soyabean stocks dropped by 1743 tonnes to 184818 tonnes. At the Indore spot market in top producer MP, soybean gained 9 Rupees to 3051 Rupees per 100 kgs.

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