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Soyabean futures fall on weak global cues

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Press Trust of India New Delhi
Last Updated : Apr 08 2016 | 1:42 PM IST
Soyabean prices were down by Rs 45 to Rs 4,062 per quintal in futures trading today following profit booking by traders, tracking a weak trend in global market.
At the National Commodity and Derivatives Exchange, soyabean for delivery in current month dropped by Rs 45, or 1.10 per cent, to Rs 4,062 per quintal, with a business turnover of 21,920 lots.
Also, most-active delivery in May too slipped by Rs 38, or 0.91 per cent, to Rs 4,141 per quintal, in an open interest of 89,320 lots.
Marketmen attributed fall in soyabean prices at futures trade to profit-booking by speculators, triggered by a weak trend in overseas markets.
Moreover, fall in demand from poultry and cattle-feed makers too weighted on prices, they added.

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First Published: Apr 08 2016 | 1:42 PM IST

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