Indore soybean up on higher demand, lower arrivals.

Soybean prices in Indore rose due to lower arrivals of the crop in the market and improved demand for soymeal. In Indore, prices rose 50 rupees to 3,200 rupees per 100 kg.Indore is considered the benchmark market for the oilseed in India. Arrivals in Madhya Pradesh was seen at 200,000 bags (1 bag = 100 kg), down 100,000 bags from Wednesday, said Mahesh Mangal. Demand has risen due to the better quality of the crop, lifting prices in the domestic market. Tracking gains in the spot market, the most-active October contract was up 0.6% at 3,233 rupees.