Soybean prices may be fall by Rs 300 : pinnacle financial services

Pinnacle Financial Updates

   

Worldwide production is estimated at a record oilseeds. Around 1.9 million tonnes in the current financial year is estimated to produce more. In the past 5 years worldwide oilseed production has increased more than 6 million tons. Also Karry forward stock is expected to be even higher than last year. It is expected to decline in prices of oilseeds. 

Soybean prices from current levels would be lower by Rs 300 per quintal. The production of oilseeds in 2014-15 is estimated at 52.20 million tonnes.
 
According to me we seen significant fall in edible oil. Edible oil at the international level are at the lowest level since 2009. Soy oil prices fell to $ 36. Soybean prices in the international market may slip to $ 1,000. When it comes to the level of the foreign market price in Indian market is expected to reach Rs 3,000

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