Refined oil futures prices rose by Rs 4.85, or 0.93 per cent, to Rs 528.40 per 10 kg today, as traders enlarged their positions to meet the upcoming marriage season demand.
Restricted arrivals from overseas markets also supported the rise in futures prices.
At the Multi Commodity Exchange counter, refined soya oil for December delivery rose by Rs 4.85, or 0.93 per cent, to Rs 528.40 per 10 kg, with a business volume of two lots.
Similarly, the oil for delivery in November gained by Rs 3, or 0.58 per cent, to Rs 522.70 per 10 kg, with a business turnover of 15 lots.
Analysts said increased buying by speculators to meet the upcoming marriage season demand in the spot market, mainly led to a rise in refined soya oil futures prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app