Refined soya oil futures gain 0.62% on rising demand

Image
Press Trust of India New Delhi
Last Updated : Jul 31 2015 | 5:02 PM IST
Supported by pickup in demand at spot markets, refined soya oil prices rose 0.62 per cent to Rs 563.75 per 10 kg in futures trade today as participants built up positions.
Besides, restricted supplies from producing belts influenced prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose Rs 3.50, or 0.62 per cent to Rs 563.75 per 10 kg with an open interest of 90,340 lots.
Likewise, the oil for delivery in August contracts traded higher by Rs 2.95, or 0.51 per cent to Rs 578.75 per 10 kg in 1,19,375 lots.
Market analysts said besides rising demand at the spot market, restricted supplies from producing belts led to rise in refined soya oil prices in futures trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 31 2015 | 5:02 PM IST

Next Story