Soyabean futures prices spurted by Rs 28.50 to Rs 2,367 per quintal today as traders raised positions at prevailing low levels, sparked by a firm trend overseas.
Pick up in demand at domestic markets and rising export demand of soymeal was another boosting factor.
At the National Commodity and Derivatives Exchange, soybean prices for April delivery at Indore (Madhya Pradesh) rose by Rs 28.50, or 1.22%, to Rs 2,367 per quintal, clocking an open interest of 1,19,110 lots.
Prices for May contract also gained by same margins of Rs 28.50, or 1.20%, to Rs 2,408 per quintal, with an open interest of 1,73,930 lots.
