Indore soybean up on low supply, feed sector demand.

Prices of soybean rose in Indore, Madhya Pradesh, due to a fall in arrivals of the oilseed and higher demand for soymeal from the poultry feed industry. Improved demand from domestic oil millers and crushers is also seen supporting soybean prices. Strong demand for soybean in the US is seen supporting prices on CBOT, boosting prices in the domestic market.

Tur up in Kalaburagi on improved demand from millers

Tur prices were up in Kalaburagi, Karnataka, because of improved demand from dal millers. A fall in arrivals also supported prices of tur. Gains in chana prices are also seen supporting tur prices as both are substitutes for each other.

NCDEX chana up on renewed demand from dal millers

Futures contracts of chana rose on NCDEX due to renewed demand from dal millers. On NCDEX, the most-active April contract was at 3,721 rupees per 100 kg, up 0.98%. A rise in prices of the pulse in the key spot markets also supported chana contracts on the bourse. A rise in arrivals was, however, insufficient to meet demand which supported chana prices.