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Soybean Futures Slip On Muted Demand

Soybean contracts for May delivery fell by Rs 193, or 2.69 per cent, to Rs 6,970 per quintal with an open interest of 78,425 lots.

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Soybean prices on Wednesday fell by Rs 193 to Rs 6,970 per quintal in futures market as participants cut down their positions on weak spot demand.

On the National Commodity and Derivatives Exchange, soybean contracts for May delivery fell by Rs 193, or 2.69 per cent, to Rs 6,970 per quintal with an open interest of 78,425 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.

(PTI) 


Tags assigned to this article:
Soybean oil oil prices oil demand