Monday, 4 December 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 04 DECEMBER 2017

Soyabean trading range for the day is 3068-3118. Soyabean prices dropped on profit booking after prices gained amid good physical demand from the oil millers after hike duty on in edible oil imports. Moreover, reports that government is likely to double the incentive on export of oilmeals to 10% to support domestic oilseed prices.NCDEX accredited warehouses soyabean stocks gained by 1896 tonnes to 167648 tonnes.At the Indore spot market in top producer MP, soybean gained 19 Rupees to 2995 Rupees per 100 kgs.



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