Soyabean Prices Settled Flat

Soyabean prices settled flat as supplies have been steady due to lower prevailing prices and good demand. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA press release. Soybean crushing has also dropped to 750,000 tons in February as compared to 900,000 tons in the same period a month ago. Arrivals during February fell to 650,000 tons as compared to 900,000 tons in January. China’s February soybean imports surged by 23% year-on-year to 5.54 million tonnes it is the highest volume since the year 2010, according to the figures released by the General Administration of Customs of China.

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