Soybean April Futures Closed Higher



Soybean April futures closed higher for the week but falls more than 2% on Friday on higher arrivals and steady demand from the mills. The supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean during 20-25 Mar were about 80,555 tonnes Vs 40,910 tonnes during previous week. Moreover, government has cut customs duty on import of sunflower seed to 10% for Apr-Sep from 30% which may attract 1 million tonnes imports that may bearish for the soybean due to competition. 

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: