Soyabean prices shot up by Rs 23.50, or 1.23 per cent to Rs 1,937 per quintal in futures trade, as traders enlarged their positions amid restricted supply in the domestic markets.
Rising demand at the physical markets also supported the rise in soyabean futures prices.
At the National Commodity and Derivatives Exchange counter, soyabean for October-month contract hardened by Rs 23.50, or 1.23 per cent to Rs 1,937 per quintal, with an open interest of 5,650 lots.
Similarly, the delivery in June-month contract surged by Rs 19, or 0.94 per cent to Rs 2,037 per quintal, with an open interest of 1,15,160 lots.
Marketmen said limited supply and better exports demand influenced the soyabean prices at futures market here.
