Last Updated : March 10, 2010 14:55
Lower demand keeps Soybean weak
Spot market traded slightly lower on account of lower demand at retail ends on Tuesday.
Arrivals were increase slightly at 1200 bags at Indore mandi and 22,000 bags in Madhya Pradesh on Tuesday.
Huge domestic Vegoil and soybean stock, about 1 million tonnes and 2.5-3 respectively is pressurizing the prices. The above stocks will come in the market for processing this year.
Spread between March and April contract is Rs -63.00 against previous day of Rs -70.00 per 100 Kg. Stock of Soy bean at the NCDEX warehouse is at 258 Mt.
Courtesy: Angel Commodities
Get geopolitical analysis to spot trends
MCX GOLD MINI 995 04 April 2012
contract was trading at
Rs 27947 , down Rs. -156 . What's your view on it?
