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Upsurge in spot demand lifts refined soya oil futures by 0.61%

Press Trust of India  |  New Delhi 

Amid pick-up in domestic demand and restricted supplies from growing regions, refined soya prices rose up by 0.61 per cent to Rs 737 per 10 kg in futures trade today as traders built up fresh positions.

At the National Commodity and Derivatives Exchange, refined soya for January delivery went up by Rs 4.45, or 0.61 per cent to Rs 737 per 10 kg with an open interest of 57,490 lots.

On similar lines, the for delivery in December gained Rs 3.25, or 0.44 per cent to Rs 733.70 per 10 kg in 34,010 lots.

Analysts said, fresh positions created by participants after uptick in demand in the spot market against restricted supplies from producing belts mainly led to the rise in refined soya oil prices at futures trade.

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

First Published: Fri, December 02 2016. 11:57 IST