Soybean futures rise on spot demand
On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 44, or 1.09 per cent, to Rs 4,078 per quintal with an open interest of 1,17,620 lots.
Soybean for March delivery rose by Rs 36, or 0.89 per cent, to Rs 4,064 per quintal with an open interest of 1,23,075 lots.
Market players said raising of fresh positions by speculators on the back of higher demand led to rise in soybean prices. VHP RUJ RUJ