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Soyabean futures up on fresh buying

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:24 AM IST

Soyabean futures prices rose by Rs 30.50, or 1.32 per cent, to Rs 2,333 per quintal today on aggressive buying by traders, guided by firm spot market cues.

Marketmen said restricted supply, sparked by rising demand from soya oil making industries, mainly brought the rise here in soyabean futures prices.

Pick up in export demand also enthused the trading sentiments to some extent, they added.

At the National Commodity and Derivatives Exchange counter, soyabean for March delivery went up by Rs 30.50, or 1.32 per cent, to Rs 2,333 per quintal, with an open interest of 210 lots.

Delivery for October also moved up by Rs 14, or 0.64 per cent, to Rs 2,188 per quintal, clocking an open interest of 44,580 lots.

Delivery for November also jumped up by Rs 24, or 1.08 per cent, to Rs 2,237 per quintal, with an open interest of 1,23,470 lots.

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First Published: Oct 15 2010 | 1:59 PM IST

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