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Soybean Futures Slip-On Muted Demand

Soybean contracts for July delivery fell Rs 34, or 0.48 per cent, to Rs 7,000 per quintal with an open interest of 36,280 lots.

Photo Credit : PTI

1505130221_pidsnP_Soyabean-PTI-L.jpg

Soybean prices on Thursday fell by Rs 34 to Rs 7,000 per quintal in the futures market as participants cut down their positions on weak spot demand.

On the National Commodity and Derivatives Exchange, soybean contracts for July delivery fell Rs 34, or 0.48 per cent, to Rs 7,000 per quintal with an open interest of 36,280 lots.

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

(PTI)


Tags assigned to this article:
soybeans futures market Spot Demand