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Soybean looks good this year

posted Jan 2, 2011, 9:33 AM by NAVYUG Info   [ updated Jan 2, 2011, 9:41 AM ]
Soybean proved to be an attractive commodity from investment point of view as it has seen price increment of nearly 11 % during year 2010 (Jan to Dec) in Indian Futures Market. India is one of the important producers of soybean. China is the biggest buyer. Consumption of soybean is gradually increasing in the value chain due to its diversified use. 

Year 2011 can again turn to be an exciting year as growing demand will outpace the supply. In India harvesting is just completing and prices are consolidating on current levels. 

Study of seasonal price pattern indicates that market will witness highest demand during April to May period and usually it is this period when market observe highest prices. Keeping in mind the current demand and supply fundamentals the market seems to be in favor of bulls.