 "Refined soya up 0.7% on rising demand")
Refined soya oil prices extended gains for the third day by rising 0.70% to Rs 729.70 per 10 kg in futures trade today as speculators enlarged their positions, supported by rising demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya for delivery in November added Rs 5.10, or 0.70%, to Rs 729.70 per 10 kg with an open interest of 84,230 lots.
In a similar fashion, the oil for delivery in December moved up by Rs 4.15, or 0.58%, to Rs 721.90 per quintal in 98,640 lots.
Analysts said speculators enlarged positions on the back of rising demand in the spot market supported by ongoing festive and wedding season demand mainly kept refined soya oil prices higher at futures trade.
At the National Commodity and Derivatives Exchange, refined soya for delivery in November added Rs 5.10, or 0.70%, to Rs 729.70 per 10 kg with an open interest of 84,230 lots.
In a similar fashion, the oil for delivery in December moved up by Rs 4.15, or 0.58%, to Rs 721.90 per quintal in 98,640 lots.
Analysts said speculators enlarged positions on the back of rising demand in the spot market supported by ongoing festive and wedding season demand mainly kept refined soya oil prices higher at futures trade.
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