Wednesday, 8 August 2018

EPIC RESEARCH NCDEX Soyabean UPDATE OF 8 August 2018

Soyabean trading range for the day is 3370-3420.

* Soyabean prices gained tracking firmness in overseas prices and spot prices on reports of good meal exports.

* Indian government increased export subsidy on soymeal from 7% to 10% to make it competitive in international market.

* The area under soybean in the country increased by 10.6% at 10.9 lakh ha as of last week compared to last year sowing.

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