The bullishness in soybean is set to sustain and prices may rise by another 15% by end January due to shrinking supplies as the government topped up the import duty hike in crude and refined soy oil with export sops for soymeal. Currently, soybean prices are hovering at 3,000-3,050 rupees per 100 kg. The hike in import duty–to 30% from 17.5% for crude soyoil and to 35% from 20% for refined soyoil–led to a correction in soybean prices to an extent by restricting supplies. The export incentive on soymeal gave a further fillip.