Soybean futures rise on positive demand

New Delhi, Feb 13 () Soybean prices on Thursday rose by Rs 28 to Rs 3,992 per quintal in futures market as traders created fresh positions in line with spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 28, or 0.71 per cent, to Rs 3,992 per quintal with an open interest of 16,545 lots.

Soybean for March delivery rose by Rs 32, or 0.81 per cent, to Rs 3,962 per quintal with an open interest of 1,42,355 lots.

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