Soyabean futures surge on brisk buying

NEW DELHI: Soyabean prices rose by Rs 77.50 to Rs 4,041 per quintal in the future trading today following frantic buying by traders in tandem with higher spot markets sentiment.

At the National Commodity and Derivatives Exchange, soybean prices for May spurted by Rs 77.50, or 1.96 per cent to Rs 4,041 per quintal, with an open interest of 1,04,620 lots.

Near June contract followed suit and hardened by Rs 52.50, or 1.38 per cent to Rs 3,870 per quintal, having an open interest of 87,700 lots.