Bearish trend is likely to continue in soyabean futures on the account of steady sowing progress of kharif crop in major producing states along with bearish cues from international market. The NCDEX futures plummeted by almost 1% in the last week.
As per the latest information from Ministry of Agriculture, the total sowing acreage of soyabean as on 20th June 2013 is reported at 1.32 lakh hectares, up 725% from the last year in the same period. This is mainly due to timely rainfall in major producing states.
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