Increasing supply and waning demand for soyameal may pull down prices

Soyabean has been under pressure over the last one month. The soyabean futures contract has tumbled over 12 per cent following a series of factors like the forecast of a normal monsoon, weak demand and increase in arrivals.Weak global prices on account of high supply amid increased output further suppressed prices. Forecast for a higher rainfall than what was expected (96 per cent average rainfa...