NCDEX Soybean Oct futures closed down lower last week on expectation of increase arrivals of new season crop and reports that government has permitted states to extend the limits on stocks of oil-seeds and edible oils with traders and mills till September 30, 2018. As per prices of soybean move below the MSP in key physical markets, central government has given approval for procurement of 100,000 tn soybean from farmers in Maharashtra and 150,000 tn of the oil-seed from Rajasthan at minimum support price.

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