Wednesday 1 August 2018

EPIC RESEARCH NCDEX jeera UPDATE OF 1 August 2018

Soyabean trading range for the day is 3322-3442.

Soyabean prices gained on steady improvement in demand from the oil mills as government increase the incentives for soy meal exports.

India' soybean sowing picked up and recorded a growth of 6% on year thanks to good rains in main producing states Madhya Pradesh and Maharashtra.

NCDEX accredited warehouses soyabean stocks dropped by 3665 tonnes to 4705 tonnes.

At the Indore spot market in top producer MP, soybean gained 13 Rupees to 3565 Rupees per 100 kgs.

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