Soyabean futures edged lower on NCDEX as the traders feel the new government will take tough steps to curb inflation in the coming days. Further, lower demand in the spot market against higher arrivals from the major producing belts too influenced soyabean prices.
The contract for May delivery was trading at Rs 4525.00, down by 1.14% or Rs 52.00 from its previous closing of Rs 4577.00. The open interest of the contract stood at 1110 lots.
The contract for June delivery was trading at Rs 4573.00, down by 0.26% or Rs 12.00 from its previous closing of Rs 4585.00. The open interest of the contract stood at 119410 lots on NCDEX.
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