Soybean futures slip on muted demand

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New Delhi, Jan 7 (PTI) Soybean prices on Thursday fell by Rs 55 to Rs 4,613 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 January delivery fell Rs 55, or 1.18 per cent, to Rs 4,613 per quintal with an open interest of 71,045 lots.

Soybean for February delivery went down by Rs 43, or 0.92 per cent, to Rs 4,633 per quintal with an open interest of 1,75,505 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said. PTI SRS SHW SHW