Soyabean gained on short covering after prices dropped due to low physical demand and sufficient stocks due to higher production this season.
As per latest press release by SOPA, India’s soybean output is higher by 38% at 114.8 lt this year due to increase in average yield across the country.
Soybean output in Maharashtra is estimated to rise by 32 per cent to 3.84 million tonnes for this year from 2.91 million ha last year.
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