Soybean futures slip on muted demand

NEW DELHI: Soybean prices on Monday fell by Rs 382 to Rs 9,197 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 August delivery fell Rs 382, or 3.99 per cent, to Rs 9,197 per quintal with an open interest of 9,365 lots.

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