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Soybean futures slip amid weak demand

By Religare

Soybean futures fell in the domestic market on Friday as investors and speculators exited positions in the agri-commodity amid sluggish physical demand for soybean in the domestic spot market.

Adequate physical supplies of the agri commodity against weak demand mainly exerted selling pressure in soybean futures in the domestic market.

However, soybean futures rose in the overseas market on higher demand from China, the world's biggest consumer.

At the National Commodity and Derivatives Exchange (NCDEX), Soybean for the June 2013 delivery contract is trading at 3,842 per quintal, down by 0.88 per cent, after opening at Rs 3,872, against a previous close of Rs 3,876. It touched an intraday- low of 3,828. (At 13:10 PM).

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Story first published: Friday, May 24, 2013, 23:32 [IST]
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