Refined soya oil up 1% on strong demand
Oil for delivery in September went up by 0.7%
 "Refined soya oil up 1% on strong demand")
Refined soya oil prices rose further by 1.02% to Rs 561.95 per 10 kg in futures trading today as speculators enlarged positions amid strong demand in the spot market in view of festive season.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October gained Rs 5.70, or 1.02%, to Rs 561.95 per 10 kg with an open interest of 1,17,630 lots.
Likewise, the oil for delivery in September went up by Rs 4.20, or 0.70%, to Rs 607.10 per 10 kg in 37,235 lots.
Analysts said besides strong spot market demand, less arrivals from producing regions, mainly supported the upside in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October gained Rs 5.70, or 1.02%, to Rs 561.95 per 10 kg with an open interest of 1,17,630 lots.
Likewise, the oil for delivery in September went up by Rs 4.20, or 0.70%, to Rs 607.10 per 10 kg in 37,235 lots.
Analysts said besides strong spot market demand, less arrivals from producing regions, mainly supported the upside in refined soya oil prices at futures trade.