Soybean futures slip on muted demand

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New Delhi, Jan 29 (PTI) Soybean prices on Friday fell by Rs 22 to Rs 4,609 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for February delivery eased by Rs 22, or 0.48 per cent, to Rs 4,609 per quintal with an open interest of 1,38,435 lots.

Soybean for March delivery declined by Rs 18, or 0.39 per cent, to Rs 4,597 per quintal with an open interest of 1,42,860 lots. The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said. PTI SRS RUJ RUJ