Soybean futures drop 1% amid weak spot demand
On NCDEX, soybean futures fell by Rs 91 to Rs 7,225 per quintal.
By PTI |
Agencies
NEW DELHI: Soybean prices on Thursday fell Rs 91 to Rs 7,225 per quintal in the futures market, as participants cut down their positions on a weak spot demand.
On the National Commodity and Derivatives Exchange, soybean contracts for the June delivery fell Rs 91, or 1.24 per cent, to Rs 7,225 per quintal with an open interest of 1,965 lots.
The fall in soybean prices in the futures trade was mostly due to reduction of exposure by participants, marketmen said.
On the National Commodity and Derivatives Exchange, soybean contracts for the June delivery fell Rs 91, or 1.24 per cent, to Rs 7,225 per quintal with an open interest of 1,965 lots.
The fall in soybean prices in the futures trade was mostly due to reduction of exposure by participants, marketmen said.
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