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Refined soya oil futures go higher on rising demand

Press Trust of India  |  New Delhi 

Refined soya prices rose by another 0.31 per cent to Rs 639.25 per 10 kg in futures trading today as participants upped their exposure amid demand surge in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in July went up by Rs 2, or 0.31 per cent, to Rs 639.25 per 10 kg with an open interest of 50,700 lots.

On similar lines, the for delivery in June contracts gained Rs 1.90, or 0.30 per cent, to Rs 632.30 per 10 kg in 9,030 lots.

Analysts said widening of positions by traders following rising demand in the spot market primarily kept refined soya prices higher in futures trade.

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

First Published: Mon, June 19 2017. 11:42 IST