Soyabean prices spurted by Rs 37 to Rs 2,567 per quintal in future trading today amid brisk buying activity and firm cues from overseas markets.
Market analysts said strong demand amid restricted supply in physical markets and a firm overseas trend mainly pushed up soyabean prices.
Strong demand from export houses also influenced the trading sentiment, they added.
At the National Commodity and Derivatives Exchange, soyabean for May contract delivery hardened by Rs 37, or 1.46 per cent, to Rs 2,567 per quintal in 3,240 lots.
Similarly, soyabean for February delivery rose by Rs 28.50, or 1.17 per cent, to Rs 2,468.50 per quintal, with an open interest in 2,29,870 lots.
Soyabean futures contracts for January delivery followed suit and rose by Rs 27.50, or 1.16 per cent, to Rs 2,398 per quintal in 1,54,630 lots.
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