Soyabean prices rose by Rs 28.50 to Rs 2,337 per quintal in futures trade today following brisk buying by traders on rising demand in spot markets driven by firm global cues.
Marketmen said restricted supply and better off-take in physical markets on the back of firm overseas advices, influenced trading here in futures price of soyabean.
Strong demand from export houses was another boosting factor for the commodity.
At the National Commodity and Derivatives Exchange platform, soyabean price for the delivery of near January-month spurted by Rs 28.50, or 1.23 per cent to Rs 2,337 per quintal, revealing an open interest of 2,26,180 lots.
Current December-month contract too shot up by Rs 23 or 1.02 per cent to Rs 2,276 per quintal, with an open interest of 1,49,270 lots.
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