Soyabean On NCDEX Settled Down -0.33% At 3002

Soyabean on NCDEX settled down -0.33% at 3002 due to increasing arrivals in the domestic spot markets. Further, lack of demand from export and domestic market along with bumper output this year kept bean prices under pressure. Prices were also under pressure tracking global cues amid higher output from the United States and Brazil, the world's top bean grower. Moreover, subdued demand for soymeal from poulty industry on subdued demand for Broilers, too weighing on soyabean prices.

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