Monday, 23 April 2012

SOYABEAN RISES ON RECEDING SUPPLIES AT DOMESTIC MARKET (23-APR-2012 ) www.goldennifty.com


SOYABEAN RISES ON RECEDING SUPPLIES AT DOMESTIC MARKET


DATE: 23/04/2012                                                                                                                                      
Steady trend continued in soyabean market due to receding arrivals in the major producing states. The total daily arrivals of soyabean have reduced to 80000 bags against 1.20 lakh bags that were reported earlier.
The spot prices of soyabean have also gained almost Rs 20 per quintal in all the major producing states to trade in the range of Rs 3250-3320 per quintal.
Similarly, the NCDEX May Futures gained Rs 16 per quintal to trade at Rs 3370 per quintal in todays trading.


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