Soyabean On NCDEX Settled Up By 0.18% At 3834

Soyabean on NCDEX settled up by 0.18% at 3834 on speculation of lower supply in domestic market and on higher demand for the crop following improved United States weekly export data. Soybean Processors Association of India (SOPA) projected bean stocks at end of 2015-16 season lower at 471,000 ton due to fall in output. According to sources, a drop in soyabean acreage is almost certain for the 2016-17 season, although it is not clear to what extent the crop may be affected at this point.

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