Soybean futures surge 3% amid strong demand
On NCDEX, soybean for April delivery rose by Rs 220 to Rs 6,800 per quintal.
By PTI |
Reuters
NEW DELHI: Soybean prices on Monday went up by Rs 220 to Rs 6,800 per quintal in futures market as traders created fresh positions tracking positive spot demand.
On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 220, or 3.34 per cent, to Rs 6,800 per quintal with an open interest of 20,955 lots.
Likewise, Soybean for May delivery went up by Rs 204, or 3.16 per cent, to Rs 6,667 per quintal with an open interest of 1,15,075 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 220, or 3.34 per cent, to Rs 6,800 per quintal with an open interest of 20,955 lots.
Likewise, Soybean for May delivery went up by Rs 204, or 3.16 per cent, to Rs 6,667 per quintal with an open interest of 1,15,075 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
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