Soyabean On NCDEX Settled Down By -0.43% At 3031

Soyabean on NCDEX settled down by -0.43% at 3031 on expectation of higher supply on back on rabi sowing. Prices also ended with losses due to higher arrivals and hand to mouth demand from processors. Arrivals were estimated at 400,000 bags as against 350,000 bags during last week. Moreover, expectation of rise in oilseed output during this rabi season were also weighed on prices India's soy-meal exports jumped over eightfold on year to 241,000 tn in December due to a sharp rise in demand from major buying nations, an official with the Soybean Processors Association of India.

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