Soyabean up on increased buying

Soyabean prices improved by Rs 13.50 to Rs 2,381 per quintal in the futures trade today due to increased buying on the back of firm global cues.

A firm global trend also encouraged traders to enlarge their positions.

At the National Commodity and Derivatives Exchange, September soyabean moved up by Rs 13.50, or 0.57% to Rs 2,381 per quintal, with an open interest of 96,320 lots.

The October contract also followed suit and gained by Rs 14.50, or 0.64 per cent to Rs 2,279 per quintal, having an open interest of 88,760 lots.