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Uptick in demand lifts refined soya oil futures by 0.34%

Press Trust of India  |  New Delhi 

Refined soya prices were up by 0.34 per cent to Rs 639.30 per 10 kg in futures trading today as participants built up fresh positions, drivden by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in July month rose by Rs 2.15, or 0.34 per cent to Rs 639.30 per kg in business turnover of 50,420 lots.



In a similar fashion, the for delivery in June month contracts was trading higher by Rs 1.60, or 0.25 per cent to Rs 631.50 per 10 kg in 12,940 lots.

Analysts said fresh positions created by traders due to pick up in demand in the spot market, mainly attributed the rise in refined soya prices at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Uptick in demand lifts refined soya oil futures by 0.34%

Refined soya oil prices were up by 0.34 per cent to Rs 639.30 per 10 kg in futures trading today as participants built up fresh positions, drivden by rising demand in the spot market. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July month rose by Rs 2.15, or 0.34 per cent to Rs 639.30 per kg in business turnover of 50,420 lots. In a similar fashion, the oil for delivery in June month contracts was trading higher by Rs 1.60, or 0.25 per cent to Rs 631.50 per 10 kg in 12,940 lots. Analysts said fresh positions created by traders due to pick up in demand in the spot market, mainly attributed the rise in refined soya oil prices at futures trade. Refined soya prices were up by 0.34 per cent to Rs 639.30 per 10 kg in futures trading today as participants built up fresh positions, drivden by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in July month rose by Rs 2.15, or 0.34 per cent to Rs 639.30 per kg in business turnover of 50,420 lots.

In a similar fashion, the for delivery in June month contracts was trading higher by Rs 1.60, or 0.25 per cent to Rs 631.50 per 10 kg in 12,940 lots.

Analysts said fresh positions created by traders due to pick up in demand in the spot market, mainly attributed the rise in refined soya prices at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Uptick in demand lifts refined soya oil futures by 0.34%

Refined soya prices were up by 0.34 per cent to Rs 639.30 per 10 kg in futures trading today as participants built up fresh positions, drivden by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in July month rose by Rs 2.15, or 0.34 per cent to Rs 639.30 per kg in business turnover of 50,420 lots.

In a similar fashion, the for delivery in June month contracts was trading higher by Rs 1.60, or 0.25 per cent to Rs 631.50 per 10 kg in 12,940 lots.

Analysts said fresh positions created by traders due to pick up in demand in the spot market, mainly attributed the rise in refined soya prices at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22