Soybean futures gain on spot demand

New Delhi, Feb 25 () Soybean prices on Tuesday rose by Rs 2 to Rs 3,862 per quintal in futures market as traders created fresh positions in line with spot demand.

On the National Commodity and Derivatives Exchange, soybean for March delivery rose by Rs 2, or 0.05 per cent, to Rs 3,862 per quintal with an open interest of 1,27,310 lots.

Soybean for April delivery gained Rs 6, or 0.16 per cent, to Rs 3,844 per quintal with an open interest of 1,07,395 lots.

Market players said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices. VHP SHWSHW