Indore soybean up on low arrivals, rise in demand.

Prices of soybean surged in Indore as arrivals declined while demand from crushers rose. In benchmark Indore market, soybean was selling at 3,575-3,600 rupees per 100 kg, up 50 rupees from the previous close. Arrivals of soybean in Madhya Pradesh declined to 50,000 bags (1 bag=100 kg) from 60,000 bags. The near-month July contract rose 1% to 3,549 rupees per 100 kg, while the most active October contract fell 1%.