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Soybean prices firmed up by Rs 40 or 1.4 per cent to Rs 2,825 per quintal in futures trading today on the back of firm global trends.
Marketmen said building up of positions by participants, taking positive cues from global markets, mainly influenced soybean prices in futures trade.
Besides, rising demand at domestic spot markets too gave a push to rising prices, they added.
At the National Commodity and Derivative Exchange, the current month contract of soybean was trading higher by Rs 40 or 1.4 per cent at Rs 2,825 per quintal in an open interest of 2,000 lots.
The most-active June month contract of soybean rose by Rs 17 or 0.60 per cent to Rs 2,837 per quintal with an open interest of 1,25,250 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)