Refined soya oil up 0.6% on good spot demand

Supported by higher domestic demand and restricted supplies from producing regions, refined soya oil prices gained 0.68% to Rs 677.40 per 10 kg in futures trade today.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October moved up by Rs 4.55, or 0.68% to Rs 677.40 per 10 kg with an open interest of 58430 lots.

Similarly, the oil for delivery in November gained Rs 4.25, or 0.63% to Rs 674.60 per 10 kg in 56520 lots.

Analysts said good spot market demand amid restricted supplies from producing regions mainly led to rise in refined soya oil prices at futures trade.