Saturday, 5 March 2011
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Soybean gains on short covering
NCDEX March soybean futures closed slightly higher on short covering after sharp fall in previous trading sessions. Lower stock of soybean in the domestic markets also added to the bullish market sentiments. There are reports that India is likely to export 2.5-3 lakh tonnes (lt) of soy meal in the month of March and around 1.5lt in April. Demand for soymeal from the overseas buyers has also
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