Soyabean On NCDEX Settled Up By 0.28% At 3903

Soyabean on NCDEX settled up by 0.28% at 3903 on robust demand from China following higher import data and on speculation of production cut from international market. China's Jan-May soybean imports jumped 14.5% to 31 million tons on year while May soybean imports climbed 25% to 7.66 million tons on year, customs data showed. Prices of the bean were supported by supply worries on renewed concerns over Argentina's crop damages. Bean prices were also up as drier and warmer weather conditions over major producing regions of US have raised concerns regarding the crop conditions.

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