 "Refined soya oil up 1% on strong demand")
Refined soya oil moved up by 1.02% to Rs 712.30 per 10 kg in futures trade today as speculators enlarged their positions, driven by strong demand in the spot market in view of festive and wedding season.
At the National Commodity and Derivatives Exchange, refined soya for delivery in December moved up Rs 7.20, or 1.02%, to Rs 712.30 per 10 kg with an open interest of 87,770 lots.
Similarly, the oil for delivery in November traded higher by Rs 5.30, or 0.75%, to Rs 716.45 per 10 kg in 10,070 lots.
Analysts said speculators enlarged their positions, supported by a strong demand in the spot market due to festive and wedding season mainly led an upsurge in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya for delivery in December moved up Rs 7.20, or 1.02%, to Rs 712.30 per 10 kg with an open interest of 87,770 lots.
Similarly, the oil for delivery in November traded higher by Rs 5.30, or 0.75%, to Rs 716.45 per 10 kg in 10,070 lots.
Analysts said speculators enlarged their positions, supported by a strong demand in the spot market due to festive and wedding season mainly led an upsurge in refined soya oil prices at futures trade.
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