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Refined soya oil futures rise 0.91% as demand picks up

Press Trust of India  |  New Delhi 

Amid rising domestic demand and restricted supplies from growing regions, refined soya prices were up by 0.91 per cent to Rs 717.30 per 10 kg in futures trade as traders built up fresh positions.

At the National Commodity and Derivatives Exchange, refined soya for delivery in January 2017 rose by Rs 6.50, or 0.91 per cent, to Rs 717.30 per 10 kg, with an open interest of 34,530 lots.

Likewise, the for delivery in December moved up by Rs 6.20, or 0.87 per cent, to Rs 716 per 10 kg in 48,510 lots.

Marketmen said fresh positions created by participants triggered by pick up in demand in the spot market against restricted supplies from producing belts mainly 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: Mon, November 28 2016. 11:48 IST