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Soybean futures strengthen by Rs 10 on rising demand

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Press Trust of India New Delhi
Last Updated : Oct 11 2019 | 2:00 PM IST

Soybean prices rose by Rs 10 to Rs 3,777 per quintal in futures trade on Friday as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in October was up by Rs 10, or 0.27 per cent, at Rs 3,777 per quintal in 15,830 lots.

Soybean for delivery in November rose by Rs 14, or 0.38 per cent, to Rs 3,663 per quintal in 74,260 lots.

Market players said raising of fresh positions by speculators on the back of high demand mainly led to rise in soybean prices here.

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First Published: Oct 11 2019 | 2:00 PM IST

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