Refined soya up 0.5% on spot demand
Oil for delivery in November traded higher by 0.46%
 "Refined soya up 0.5% on spot demand")
Refined soya oil prices rose by 0.52% to Rs 660.30 per 10 kg in futures trading today as speculators enlarged positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose by Rs 3.40, or 0.52% to Rs 660.30 per 10 kg with an open interest of 72,220 lots.
Similarly, the oil for delivery in November traded higher by Rs 3, or 0.46%, to Rs 656.50 per 10 kg in 53,020 lots.
Analysts said fresh position built-up by speculators amid pick up in demand in the spot market mainly led to rise in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose by Rs 3.40, or 0.52% to Rs 660.30 per 10 kg with an open interest of 72,220 lots.
Similarly, the oil for delivery in November traded higher by Rs 3, or 0.46%, to Rs 656.50 per 10 kg in 53,020 lots.
Analysts said fresh position built-up by speculators amid pick up in demand in the spot market mainly led to rise in refined soya oil prices at futures trade.