Soybean futures up on firm demand

New Delhi, Nov 22 (PTI) Soybean prices on Friday rose by Rs 12 to Rs 3,993 per quintal in futures trade as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in December was up by Rs 12, or 0.30 per cent, to Rs 3,993 per quintal with an open interest of 96,960 lots.

Soybean for delivery in January rose by Rs 8, or 0.20 per cent, to Rs 4,008 per quintal having an open interest of 1,06,280 lots.

Market players said rasing of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices in futures trading. PTI VHP RUJRUJ