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Soyabean prices rose by Rs 79.50 to Rs 3,948 per quintal in futures trade today following renewed buying by traders in line with firm overseas cues.
Marketmen said rise in soyabean price in international markets, supported by low supply and pick up in demand in physical markets, mainly improved sentiment here in future price of soyabean.
At the National Commodity and Derivatives Exchange, soybean prices for March contract spurted by Rs 79.50, or 2.06%, to Rs 3,948 per quintal, with an open interest of 1,990 lots.
Most active November contract rose by Rs 72, or 1.94%, to Rs 3,785.50 per quintal, clocking an open interest of 95,650 lots.
