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Soyabean futures up on global cues

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Press Trust of India New Delhi
Soyabean firmed up by Rs 77 to Rs 4,578 per quintal in futures trading today on the back of speculative buying activity, tracking a firm overseas.

At the National Commodity and Derivatives Exchange counter, soybean prices for the delivery in June month contracts spurted by Rs 77, or 1.71 per cent, to Rs 4,578 per quintal, with an open interest of 1,21,620 lots.

Similarly, delivery in July month traded Rs 72, or 1.62 per cent, higher at Rs 4,523 per quintal in an open interest of 65,400 lots.

Marketmen attributed rise in soyabean prices at futures trade to firming trend in the global markets and rising demand at domestic markets.
 

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First Published: May 22 2014 | 12:26 PM IST

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