New Delhi, Aug 21 (PTI) Soybean prices on Friday fell by Rs 16 to Rs 3,772 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 September delivery traded lower by Rs 16, or 0.42 per cent, to Rs 3,772 per quintal with an open interest of 30,085 lots.
Similarly, soybean for October delivery eased by Rs 48, or 1.28 per cent, to Rs 3,712 per quintal with an open interest of 15,010 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said. PTI SRS RUJ RUJ