Soyabean prices dropped as pressure seen on expectation soybean yield is likely to increase in Madhya Pradesh.Soybean acreage is reported at 112.51 lakh hectares as compared to 111.49 lakh hectares last year same period.
As per the Fourth advance crop estimates 2018-19, Soybean production is estimated at 137.86 lakh tonnes as against 109.33 lakh tonnes in 2017-18.
At the Indore spot market in top producer MP, soybean dropped -11 Rupees to 3808 Rupees per 100 kgs.
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