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Soybean futures down by 1.25 pc, subdued global cues

Press Trust of India  |  New Delhi 

prices sank by Rs 46 to Rs 3,644 per in futures trade today on minimising of exposures by the traders amidst downbeat overseas sentiments.

Marketmen said a decline in prices at global markets kept investors away from the market, which led to fall in futures prices.

Falling prices of other edible oils too had negative impact on soybean futures prices, they added.

At the National Commodity and Derivative Exchange counter, soybean delivery for the most traded March dropped by Rs 46 or 1.25 percent to Rs 3,644 per quintal, with an open interest of 2,50,910 lots.

The delivery of the immediate contract February also moved down by Rs 44 or 1.21 per cent to Rs 3,599 per quintal, in an open interest of 50,170 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 08 2018. 12:55 IST