Business Standard

Soybean up 2.4% on global cues

Rise in other edible oils prices helped to boost the trading sentiments

Press Trust of India New Delhi
Soyabean prices rose by Rs 87 to Rs 3,646.50 per quintal in futures trade today on heavy buying by traders in tandem with firm overseas markets cue.

Marketmen said tracking higher global markets sentiment, traders are enlarging their holdings.

Rise in other edible oils prices also helped to boost the trading sentiments, they said.

At the National Commodity and Derivatives Exchange, soybean for most active near November month gained Rs 87, or 2.44% to Rs 3,646.50 per quintal, with an open interest of 1,10,380 lots.

October contract too hardened by Rs 83, or 2.33% to Rs 3,639 per quintal, having an open interest of 77,890 lots.

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

First Published: Aug 28 2013 | 2:31 PM IST

Explore News