Soyabean price charts rolling down

The top gainer today at the NCDEX chart is reported to be Jeera which witnessed a gain of 1.43%. The other gainer is cottonseed oil cake which saw a uptrend of 1%. The other gainers were turmeric which saw a rise of .03%.

Soybean ruled mostly weak at the major markets across the country on Friday due to slow sales in soybean meal and forecast of normal monsoon.

Spot Soybean fell by Rs 25 at Rs 3,550-3,775/100kg at the benchmark Indore market with weak under tone due to poor demand in soybean meal from poultry feed industry. Similarly, soybean meal ruled weak at Rs 31,000 per tonne, down Rs 200 from previous session.

Refined soy oil was however traded Rs 3 higher at Rs 763/10kg. Soybean plant rates in Madhya Pradesh stood down at Rs 3,675-3,825/100kg versus Rs 3,690-3,850, while in Maharashtra were at Rs 3,700-3,870 versus 3,700-3,900.

Courtesy: commoditycontrol.com