Soyabean futures prices dropped by Rs 15 or 0.80 per cent to Rs 1,857 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 November contract slipped Rs 15 or 0.80 per cent to Rs 1,857 per quintal, with an open interest of 180 lots.
Delivery for current June-month lost Rs 11 or 0.57 per cent at Rs 1,931 per quintal, with an open interest of 60,370 lots, while most-active July contract fell Rs 13.50 or 0.71 per cent to Rs 1,891 per quintal, with an open interest of 1,36,310 lots.
Marketmen said weak trend overseas, increased supplies from the producing regions followed by fall in soymeal demand also influenced the trading sentiment, they added.
