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Soyabean up 1.9% on global cues

Most-active December contracts spurted by 1.85%

Press Trust of India New Delhi
Soyabean prices firmed up by Rs 63 to Rs 3,304 per quintal in futures trading today as participants enlarged positions amid a firming trend in global markets.

At the National Commodity and Derivatives Exchange, soyabean for delivery this month climbed by Rs 63, or 1.94%, to Rs 3,304 per quintal in an open interest of 53,930 lots.

On similar lines, the most-active December contracts spurted by Rs 61, or 1.85%, to Rs 3,355 per quintal, with an open interest of 1,09,500 lots.

Marketmen said a firming trend in international markets amidst tight supplies in domestic markets mainly influenced soyabean prices at futures trade here.
 

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First Published: Nov 07 2014 | 12:56 PM IST

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