Business Standard

Soyabean futures up on firm global cues

Image

Press Trust of India New Delhi

Soyabean prices improved by Rs 18 to Rs 2,334 per quintal in futures trade today following increased buying, supported by firm overseas advices.

Market analysts said rise in its prices in international markets guided traders to create fresh positions.

Higher exporters demand also aided the trading sentiment to some extent, they added. 

At the National Commodity and Derivatives Exchange, soyabean for delivery in May advanced by Rs 18, or 0.78% to Rs 2,334 per quintal, with an open interest of 1,00,870 lots. 

Likewise, its prices for June delivery gained Rs 17.50, or 0.74% to Rs 2,371.50 per quintal, clocking an open interest of 1,52,930 lots.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 10 2011 | 1:43 PM IST

Explore News