Soybean falls in Madhya Pradesh on weak demand.

Prices of soybean fell in Indore, a benchmark market in Madhya Pradesh, due to weak demand from mills, as well as high supplies of the new crop. Arrivals in the Indore market pegged at nearly 10,000 bags (1 bag = 100 kg), higher than 9,000 bags on 11 Nov. Prices of soybean had risen earlier on hopes of hike in import duty on edible oils, which weighed on demand.