 "Refined soya oil up 0.26% on spot demand")
Refined soya oil prices were marginally higher by 0.26 per cent to Rs 579.70 per 10 kg in futures trading today as speculators created fresh positions, driven by improved demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month edged higher by Rs 1.50, or 0.26 per cent to Rs 579.70 per 10 kg with an open interest of 18,745 lots.
The December contract traded lower by 35 paise, or 0.06 per cent to Rs 587.20 per 10 kg in 97,860 lots.
Analysts said apart from a better trend at spot market on pick up in demand in view of wedding season, restricted arrivals from producing regions led to the rise in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month edged higher by Rs 1.50, or 0.26 per cent to Rs 579.70 per 10 kg with an open interest of 18,745 lots.
The December contract traded lower by 35 paise, or 0.06 per cent to Rs 587.20 per 10 kg in 97,860 lots.
Analysts said apart from a better trend at spot market on pick up in demand in view of wedding season, restricted arrivals from producing regions led to the rise in refined soya oil prices at futures trade.
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