Soyabean On NCDEX Settled Down -1.58% At 3742

Soyabean on NCDEX settled down -1.58% at 3742 due to favorable weather condition in sowing areas. Besides, good rainfall in key soybean producing states in central and western parts of the country, too weighed on prices. Soyabean prices weakened further on reports of falling meal exports and rising cheap soyoil imports may affect soybean acreage in the current kharif season. Moreover, Agriculture Minister Radha Mohan Singh said that after a sluggish start, sowing of kharif crops such as paddy has picked up pace this week on account of good rains in several parts of the country.

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