Soyabean prices hardened by Rs 29.50 to Rs 2,167 per quintal in futures trade today following brisk buying by traders in line with firm overseas market cues.
Marketmen said tracking a firm global market sentiment, traders preferred to enlarge their positions.
Fall in supply and strong demand of soyameal from export houses too influenced trading sentiments, they added.
At the National Commodity and Derivatives Exchange, soyabean price for August month contract hardened by Rs 29.50, or 1.38 per cent, to Rs 2,167 per quintal, with an open interest of 80,130 lots.
September month delivery too shot up by Rs.28.50, or 1.33 per cent, to Rs 2,177 per quintal, with an open interest of 1,26,000 lots.
