Soyabean Prices Dropped On Profit

Soyabean prices dropped on profit booking after prices gained as late spells of monsoon rains has damaged standing soybean crop, at a time when people were feeling lucky about the presence of ideal climatic conditions for soybean growth. The early sown variety of soybean that is ready for harvest would have suffered some damage due to rains. If the rains are followed by sunshine then the pods split and seeds fall out. However, Soybean Processors Association of India (SOPA) said about 70% of the crop has already been harvested so any damage would be minimal.

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