Soybean futures ease on low demand

New Delhi, Feb 18 () Soybean prices on Tuesday fell by Rs 80 to Rs 3,956 per quintal in futures market as traders cut down their positions on weak spot demand.

On the National Commodity and Derivatives Exchange, soybean to be delivered in February contracts moved down by Rs 80, or 1.98 per cent, to Rs 3,956 per quintal with an open interest of 3,510 lots.

Soybean for delivery in March contracts also eased by Rs 34, or 0.87 per cent, to Rs 3,854 per quintal with an open interest of 1,42,540 lots.

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