Soybean up 1.7% on global cues
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade
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Soybean prices hardened by Rs 69.50 to Rs 3,561 per quintal in futures trading today on traders' buying on the back of firm overseas markets sentiment.
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade.
At the National Commodity and Derivatives Exchange, soybean prices for far January contract spurted by Rs 69.50, or 1.91% to Rs 3,561 per quintal, with an open interest of 3,090 lots.
Most active near November contract surged by Rs 63.50, or 1.79% to Rs 3,508 per quintal, having an open interest of 1,14,030 lots.
October month contracts also advanced by Rs 61, or 1.71% to Rs 3,497.50 per quintal, in an open interest of 90,650 lots.
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade.
At the National Commodity and Derivatives Exchange, soybean prices for far January contract spurted by Rs 69.50, or 1.91% to Rs 3,561 per quintal, with an open interest of 3,090 lots.
Most active near November contract surged by Rs 63.50, or 1.79% to Rs 3,508 per quintal, having an open interest of 1,14,030 lots.
October month contracts also advanced by Rs 61, or 1.71% to Rs 3,497.50 per quintal, in an open interest of 90,650 lots.
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First Published: Sep 05 2013 | 2:16 PM IST