Soybean prices in Indore rose due to robust meal demand from exporters, and on hopes of improved shipments to Iran.

In Indore, soybean was sold for 3,710-3,800 rupees per 100 kg, up 20-25 rupees, with arrivals in Madhya Pradesh, the largest grower, pegged lower at 80,000-90,000 bags (1 bag = 100 kg).

Soybean futures on NCDEX also rose. The February contract was up 1% at 3,894 rupees per 100 kg.

Futures contracts of refined soyoil on NCDEX and crude palm oil on Multi Commodity Exchange of India also edged higher due to a pickup in purchases in the wholesale markets.