Soyabean On NCDEX Settled Down -1.46% At 3770

Soyabean on NCDEX settled down -1.46% at 3770 due to expectation of good production in October and reports of higher edible oil imports dented the sentiments. Further, falling soymeal exports too adding pressure on prices. India's total sowing area under soybean may slip by 4% in 2016 as farmers are bringing more areas under pulses, the SOPA said. About 95% soybean sowing has been completed all over India. The total area under soybean sowing is expected to be at 11.2173 million hectares compared to 11.6285 million hectares in 2015, SOPA said after conducting field survey in major soybean growing states.

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