 "Refined soya oil up 0.4% on rising demand")
Refined soya oil prices edged up by 0.39% to Rs 594.50 per 10 kg in futures trade today as speculators enlarged positions amid a firm trend at spot market on rising demand.
Tight supplies in the physical market following restricted arrivals from producing belts also supported the upside.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December moved up by Rs 2.30, or 0.39%, to Rs 594.50 per 10 kg with an open interest of 90,245 lots.
Analysts said apart from firming trend at spot market on rising demand for the wedding season, restricted arrivals from producing regions mainly kept refined soya oil prices higher at futures trade.
Tight supplies in the physical market following restricted arrivals from producing belts also supported the upside.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December moved up by Rs 2.30, or 0.39%, to Rs 594.50 per 10 kg with an open interest of 90,245 lots.
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Similarly, the oil for delivery in November edged higher by Rs 1.50, or 0.26%, to Rs 588 per 10 kg in 37,685 lots.
Analysts said apart from firming trend at spot market on rising demand for the wedding season, restricted arrivals from producing regions mainly kept refined soya oil prices higher at futures trade.
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