Last Updated : February 06, 2012 14:47
NCDEX soybean gains 1% on strong domestic demand
MUMBAI (Commodity Online): Soybean futures gained Monday on short covering by the traders on the back of rising demand in the domestic markets.
In NCDEX soybean March contract is trading at Rs.2527 per quintal, higher by 1.01 per cent on 14:40 IST against the previous close.
In the morning session the contract traded at a range of Rs.2504-2544.50 per quintal. Open interest of the contract is 253440 lots and volume traded is 114610 lots for the time being.
Declining crushing margin in domestic markets is restricting the crushers from undertaking crushing. Thus oil production is at halt which results in positive cues for prices. Malaysian palm oil market is closed for today on account of Muslim festival.
MCX SOYABEAN 01 January 2020
contract was trading at
Rs 0 . What's your view on it?
