Soyabean prices extended losses by declining Rs 13, or 0.64 per cent, to Rs 2,025 per quintal in futures trade today on continuous selling by traders, in line with weak global market sentiment.
Marketmen said, increased supply and reduced offtake in physical markets amid weak global trend mainly pulled down the soyabean prices here in futures trading.
Fall in exports demand also influenced the trading sentiment, to some extent, they said.
At the National Commodity and Derivatives Exchange counter, soyabean prices for October-month contract dipped again by Rs 13, or 0.64 per cent, to Rs 2,025 per quintal, with an open interest of 76,840 lots.
Most-active September delivery too dropped by Rs 11.50, or 0.57 per cent to Rs 2,023 per quintal, with an open interest of 1,20,070 lots.