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Refined soya oil futures gain 0.18% on spot demand

Press Trust of India  |  New Delhi 

Refined soya prices edged 0.18 per cent higher to Rs 742.40 per 10 kg in futures trade today as speculators built up fresh positions, driven by pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, the for delivery in February rose Rs 1.35, or 0.18 per cent, to Rs 742.40 per 10 kg with an open interest of 31,970 lots.

On similar lines, the for delivery in January contracts was trading Rs 1.15, or 0.16 per cent, higher at Rs 741.45 per 10 kg in 18,500 lots.

Analysts said fresh positions created by traders following upsurge in demand in the physical market against tight stocks on restricted supplies from producing belts led to the rise in refined soya prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 11:50 IST