On NCDEX Settled Down By -1.47% At 653.65

On NCDEX settled down by -1.47% at 653.65 tracking weakness in spot demand amid expectation of higher supply. India oilmeal exports in the month of July jumped 99% from a year earlier while exports during Apr-Jul fell 47% on higher prices and lower production of the bean in the domestic market, data released from Solvent Extractors Association of India (SEA) showed. India's total oilmeal exports climbed to 87,944 tons in July compared to 44,238 tons a year earlier. Soybean Processors Association of India (SOPA) has rated India's 58% soybean crop of 2016-17 as in normal condition and 13% in very good condition.

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