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Soybean Futures Rise On Fresh Bets

Soybean for October delivery rose by Rs 179, or 2.97 per cent, to Rs 6,179 per quintal with an open interest of 36,665 lots.

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Soybean prices on Thursday went up by Rs 179 to Rs 6,179 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for October delivery rose by Rs 179, or 2.97 per cent, to Rs 6,179 per quintal with an open interest of 36,665 lots.

Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

(PTI)


Tags assigned to this article:
soybeans Spot Demand