Soybean prices on Thursday rose

Soybean prices on Thursday rose by Rs 6 to Rs 4,260 per quintal in futures market as traders created fresh positions on strong demand.

On the National Commodity and Derivatives Exchange, soybean for December delivery was trading higher by Rs 6, or 0.14 per cent, at Rs 4,260 per quintal with an open interest of 440 lots.

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