Soyabean prices fell by Rs 18 or 0.92 per cent to Rs 1,943.50 per quintal in futures trading today on sluggish exports demand against increased supplies in spot markets.
At the National Commodity and Derivatives Exchange, soyabean delivery for June contract declined by Rs 18 or 0.92 per cent to Rs 1,943.50 per quintal, with an open interest of 72,000 lots.
Delivery for July-month contract also lost Rs 16 or 0.83 per cent at Rs 1,911 per quintal, with an open interest of 1,37,420 lots. Marketmen said tracking weak overseas market sentiment, traders preferred to reduced their holdings.
Increased supplies from the producing regions and sluggish demand dampened the trading sentiment, they added.
Weak exports demand of soyameal, was the main reason behind the fall in soybean futures prices.