Soyabean On NCDEX Settled Down By -2.22% At 3384

Soyabean on NCDEX settled down by -2.22% at 3384 on expectation of higher yield in global market and on subdued demand for soymeal in domestic market. Prices of bean were under pressure on higher supply hope following favorable weather across the major soybean producing region in United States and India. Sowing progress in leading soybean producers like Madhya Pradesh, Maharashtra, and Rajasthan improved following good rains during July. As on Aug 19, soybean sowing was recorded at 11.28 million hectare compared to 11.27 million hectare, data showed.

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