Refined soya oil futures remain up on spot demand
Refined soya oil prices gained Rs 5.95 to Rs 617 per 10 kg in futures trade today as traders enlarged their positions in tandem with a firm trend in spot market due to ongoing marriage season.
Fall in supplies from overseas markets also supported the rise in prices.
At the Multi Commodity Exchange counter, refined soya oil for delivery in May rose by Rs 5.95, or 0.97% to Rs 617 per 10 kg, with a trade volume of a single lot.
Analysts said increased buying by speculators on rising spot market demand for the ongoing marriage season mainly led to the rise in refined soya oil futures prices.
Also, continued buying in the domestic as well as international markets influenced the prices, they added.