Soyabean On NCDEX Settled Down By -0.32% At 3080

Soyabean on NCDEX settled down by -0.32% at 3080 on improving arrivals in the physical market. Soyabean prices weakened further tracking lower prices in international markets as forecasts of rains in Argentina's crop-belt eased the prospects of production losses. However, good crushing demand from the mills capped some losses. Demand from crushers is declining gradually on account of slow sales of soymeal due to poor demand from poultry feed manufacturer. Further weighing on bean prices for the next week is expectation of higher arrivals in the market following reports of higher production.

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