Soyabean prices rose by Rs 21.50, or 1.11 per cent, to Rs 1,961.50 per quintal in futures trading today on aggressive buying by traders in tandem with firm global markets cue.
Marketmen said pick up in exports demand of soymeal along with fall in supply at physical markets, caused a rise in soyabean futures prices. Rise in prices at overseas markets also helped to boost the trading sentiment, they added.
At the National Commodity and Derivatives Exchange, soyabean for most-active August contract strengthened by Rs 21.50, or 1.11 per cent, to Rs 1,961.50 per quintal, with an open interest of 1,25,830 lots.
Current July-month contract delivery also followed the similar way and gained by Rs 19, or 0.99 per cent, to Rs 1,930 per quintal, with a business volume of 50,880 lots.