New Delhi, Sep 28 (PTI) Soybean prices were down by Rs 18 to Rs 3,256 per quintal in futures trade Friday as speculators reduced their exposure amid a weak trend overseas. Also Read - Amid Coronavirus Lockdown, Telangana Govt Announces 75% Salary Cut For Employees
At the National Commodity and Derivatives Exchange, soybean for the most-traded delivery in November was down by Rs 18 or 0.55 per cent to Rs 3,256 per quintal, with a business turnover of 1,00,260 open interest lots. Also Read - Coronavirus Pandemic: Confirmed Cases Climb to 1251, Total Deaths Now at 32 | Top Developments
Soybean for delivery in October also fell by Rs 12 or 0.37 per cent to Rs 3,248 per quintal, with an open interest of 42,470 lots. Also Read - Fact Check: No, Financial Year Has Not Been Extended by 3 Months
Marketmen said reducing of holdings by participants in line with a weak trend in global markets and ample stocks at the spot markets against thin demand, largely pulled down soybean prices in futures trade here.
This is published unedited from the PTI feed.