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Uptick in demand lifts refined soya oil futures by 0.29%

Press Trust of India  |  New Delhi 

Refined soya prices were up by 0.29 per cent to Rs 631.90 per 10 kg in futures trade today as traders built up fresh positions amid pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June edged higher by Rs 1.85, or 0.29 per cent to Rs 631.90 per 10 kg with an open interest of 52,170 lots.



Similarly, the for delivery in May contracts was trading higher by 50 paise, or 0.08 per cent to Rs 629 per 10 kg in 10,690 lots.

Analysts said fresh positions created by traders supported by an upsurge in demand in the spot market against tight stocks on fall in 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.)

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Uptick in demand lifts refined soya oil futures by 0.29%

Refined soya oil prices were up by 0.29 per cent to Rs 631.90 per 10 kg in futures trade today as traders built up fresh positions amid pick up in demand in the spot market. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June edged higher by Rs 1.85, or 0.29 per cent to Rs 631.90 per 10 kg with an open interest of 52,170 lots. Similarly, the oil for delivery in May contracts was trading higher by 50 paise, or 0.08 per cent to Rs 629 per 10 kg in 10,690 lots. Analysts said fresh positions created by traders supported by an upsurge in demand in the spot market against tight stocks on fall in supplies from producing belts mainly led to the rise in refined soya oil prices at futures trade. Refined soya prices were up by 0.29 per cent to Rs 631.90 per 10 kg in futures trade today as traders built up fresh positions amid pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June edged higher by Rs 1.85, or 0.29 per cent to Rs 631.90 per 10 kg with an open interest of 52,170 lots.

Similarly, the for delivery in May contracts was trading higher by 50 paise, or 0.08 per cent to Rs 629 per 10 kg in 10,690 lots.

Analysts said fresh positions created by traders supported by an upsurge in demand in the spot market against tight stocks on fall in 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.)

image
Business Standard
177 22

Uptick in demand lifts refined soya oil futures by 0.29%

Refined soya prices were up by 0.29 per cent to Rs 631.90 per 10 kg in futures trade today as traders built up fresh positions amid pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June edged higher by Rs 1.85, or 0.29 per cent to Rs 631.90 per 10 kg with an open interest of 52,170 lots.

Similarly, the for delivery in May contracts was trading higher by 50 paise, or 0.08 per cent to Rs 629 per 10 kg in 10,690 lots.

Analysts said fresh positions created by traders supported by an upsurge in demand in the spot market against tight stocks on fall in 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.)

image
Business Standard
177 22