Soyabean futures trade higher on NCDEX

Soyabean futures traded higher on NCDEX following gains in the international market. Further, good demand in the physical market against tight supplies from the major producing belts also supported soyabean prices uptrend. The contract for June delivery was trading at Rs 4606.00, up by 0.33% or Rs 15.00 from its previous closing of Rs 4591.00. The open interest of the contract stood at 119260 lots. The contract for July delivery was trading at Rs 4449.00, up by 0.79% or Rs 35.00 from its previous closing of Rs 4414.00. The open interest of the contract stood at 99860 lots on NCDEX.