NEW DELHI: Soybean prices on Tuesday fell by Rs 2 to Rs 6,871 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 June delivery fell Rs 2, or 0.03 per cent, to Rs 6,871 per quintal with an open interest of 46,000 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.
Soybean for July delivery went down by Rs 9, or 0.14 per cent, to Rs 6,630 per quintal with an open interest of 21,550 lots.
