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Soybean futures rise on positive demand

Press Trust of India  |  New Delhi 

Soybean prices on Monday rose by Rs 16 to Rs 4,088 per quintal in futures trade as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in December was up by Rs 16, or 0.39 per cent, to Rs 4,088 per quintal with an open interest of 63,065 lots.

Market players said rasing of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices in future trading.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 02 2019. 14:00 IST