NCDEX Soybean Trades Higher on Weak Arrivals

NCDEX Soybean futures witnessed some gains on Tuesday as traders created fresh positions on the back of rising export demand amid weak arrivals from the fresh crop.

In NCDEX soybean February contract is trading at Rs.2580 per quintal, higher by 1.31 per cent on 16:20 IST against the previous close. In the morning session the contract traded at a range of Rs.2570-2620 per quintal. Open interest of the contract is 296800 lots and volume traded is 238640 lots for the time being.