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As on Sep 24, 2018 12:00 AM Your results on : Mid Session    
Spot Market Update: Guar Steady, Traders Worried About Harvest In Haryana
24-Sep-2018 (17:03)
Spot Market Update: Sugar Gains Further
24-Sep-2018 (17:02)
Spot Market Update: Soybeans Hover Around Rs 3400 Per Quintal In Indore
24-Sep-2018 (17:01)
Soybeans stayed weak as markets eyed Kharif arrivals. The ready Soybean crop is in a good shape and weather also remains supportive. Spot prices dropped near Rs 3400 per quintal in Indore today, easing around 0.30% on the day. The MSP for Soybeans was hiked to Rs 3399 per quintal for the 2018-19 season, marking a spurt of 11.44%. The new MSP is offering a return of 50% on cost. However, there has been a spurt in domestic oilmeals exports in recent weeks and an all time low Indian Rupee is expected to support the demand. According to the Solvent Extractors' Association of India (SEA), the export of oilmeals during August 2018 was provisionally reported at 227,939 tons compared to 261,356 tons in August 2017. The overall export during April to August 2018 is reported at 1,192,095 tons compared to 986,606 tons during the same period of last year i.e. up by 21%. Spot Soybeans are quoting at Rs 3403 per quintal, down 0.20% on the day.

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