Agro Outlook
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Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.
India soybean futures rose to near Rs 4000 per 100 kg last week on declining supplies in the spot market and healthy demand but has opened the week on a corrective note having fallen close to three percent in early trades on profit booking.
Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.
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