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23-May2018

Soybean futures trade marginally higher on better demand

Soybean futures traded marginally higher on NCDEX on expectation of better demand for crushing from oil mills as government is planning to hike import duties of soft oil - soy oil, rapeoil and sunflower oil.

The contract for June delivery was trading at Rs 3791.00, up by 0.05% or Rs 2.00 from its previous closing of Rs 3789.00. The open interest of the contract stood at 144380 lots.

The contract for July delivery was trading at Rs 3828.00, up by 0.13% or Rs 5.00 from its previous closing of Rs 3823.00. The open interest of the contract stood at 56050 lots on NCDEX. 


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