Soyabean futures prices fell by Rs 11, or 0.58 per cent, to Rs 1,870.50 per quintal on sluggish exports demand against increased supplies in the spot market. According to marketmen, most of the traders preferred to reduce their holdings, on lower overseas advices.
Increased supplies from the producing regions, against slack demand from soymeal also dampened the trading sentiment to some extent, they added.
At the National Commodity and Derivatives Exchange counter, soyabean delivery for November contract slipped by Rs 11, or 0.58 per cent, to Rs 1,870.50 per quintal, with an open interest of 2,540 lots.
Soyabean for July-month contract also depreciated by Rs 6.50 or 0.34 per cent at Rs 1,903 per quintal, with an open interest of 1,40,130 lots.
