Soybean futures slip on muted demand

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New Delhi, Feb 10 (PTI) Soybean prices on Wednesday fell by Rs 30 to Rs 4,750 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 30, or 0.63 per cent, to Rs 4,750 per quintal with an open interest of 27,120 lots.

Soybean for March delivery declined by Rs 32, or 0.67 per cent, to Rs 4,746 per quintal with an open interest of 2,17,945 lots. The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said. PTI SRS RUJ RUJ