 "Refined soya oil climbs 1.09% on upsurge in demand")
Refined soya oil prices were up by 1.09 per cent to Rs 642.75 per 10 kg in futures trade today as speculators enlarged their bets, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month went up by Rs 6.95, or 1.09 per cent to Rs 642.75 per 10 kg with an open interest of 72,855 lots.
The December contract gained Rs 6.40, or 1.01 per cent, to Rs 640 per 10 kg in 1,06,005 lots.
Market analysts attributed the rise in refined soya oil futures to pick up demand in the spot market amid restricted supplies from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month went up by Rs 6.95, or 1.09 per cent to Rs 642.75 per 10 kg with an open interest of 72,855 lots.
The December contract gained Rs 6.40, or 1.01 per cent, to Rs 640 per 10 kg in 1,06,005 lots.
Market analysts attributed the rise in refined soya oil futures to pick up demand in the spot market amid restricted supplies from producing regions.
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