 "Refined soya oil up 0.8% on spot demand")
Refined soya oil prices were higher by 0.82% to Rs 577.60 per 10 kg in futures trading today after speculators created positions amid pick up in domestic demand and tight supplies from producing belts.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November went up by Rs 4.70, or 0.82%, to Rs 577.60 per 10 kg with an open interest of 1,02,545 lots.
On similar lines, the oil for delivery in December edged higher by Rs 2.80, or 0.49%, to Rs 575.25 per 10 kg in 78,210 lots.
Analysts said apart from firming trend at spot market on pick up in demand in view of festive season, restricted arrivals from producing regions helped refined soya oil prices to trade higher at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November went up by Rs 4.70, or 0.82%, to Rs 577.60 per 10 kg with an open interest of 1,02,545 lots.
On similar lines, the oil for delivery in December edged higher by Rs 2.80, or 0.49%, to Rs 575.25 per 10 kg in 78,210 lots.
Analysts said apart from firming trend at spot market on pick up in demand in view of festive season, restricted arrivals from producing regions helped refined soya oil prices to trade higher at futures trade.
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