Soyabean futures up on fresh buying

Soyabean futures prices went up by Rs 19 to Rs 2,331.50 per quintal today, following fresh buying by traders, supported by higher global markets cue.

Marketmen said restricted supply and better offtake in physical markets, following firm overseas advices, influenced trading sentiments here in future trade.

At the National Commodity and Derivatives Exchange counter, soyabean price for the delivery of near December month rose by Rs 19, or 0.82 per cent, to Rs 2,331.50 per quintal, with an open interest of 2,18,680 lots.

Current month November's contract also hardened by Rs 18, or 0.80 per cent, to Rs 2,274 per quintal, with an open interest of 1,00,390 lots.