Soyabean On NCDEX Settled Down -3.01% At 3124



Soyabean on NCDEX settled down -3.01% at 3124 as soyabean production in Madhya Pradesh is expected to be over 60 per cent than previous year. SOPA has estimated soybean production in the state at 55.863 lakh tones as against 34.125 lakh tonne a year ago. The estimated growth in the output is expected due to improvement in yields from 608 kg per hectare a year ago to 1,034 kg per hectare this season, the statement from SOPA showed. After Madhya Pradesh, excess rainfall in Maharashtra is playing havoc for soybean crop. Certain regions of Maharashtra especially Marathwada, which have been big producer of soybean are facing flood like situation. In Marathwada district of Maharashtra soybean crop has suffered due to moisture stress as during the flowering stage, for about 20-25 days there was no rainfall.

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