Soyabean dropped as pressure seen on improved sowing in United States amid weak exports demand and as rains revived in several parts of India.
Export demand for soymeal from India is weak as domestic prices are uncompetitive on tight supplies amid expectation of lower sowing of the crop.
Arrivals of soyabean in Madhya Pradesh state gained by 2000 bags of 100kg each to 22000 bags of 100kg each.
At the Indore spot market in top producer MP, soybean dropped -41 rupee to 4148 rupee per 100 kgs.
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