Soyabean futures traded lower on NCDEX, despite lower acreage and expectation of good crushing demand on reports of hike in import duty.
The contract for August delivery was trading at Rs 2974.00, down by 1.26% or Rs 38.00 from its previous closing of Rs 3012.00. The open interest of the contract stood at 69560 lots.
The contract for October delivery was trading at Rs 3089.00, down by 1.28% or Rs 40.00 from its previous closing of Rs 3129.00. The open interest of the contract stood at 28010 lots on NCDEX.