Refined soya oil futures up on fresh demand

In restricted activity, refined soya oil rose by Rs 13 to Rs 625 per 10 kg in futures trade today as traders created fresh positions on pick up in demand in the spot market supported by ongoing festive season.

At the Multi Commodity Exchange, refined soya oil for delivery in November rose by Rs 13, or 2.12% to Rs 625 per 10 kg in 2 lots, while December contract surged by Rs 12.60, or 2.06% to Rs 624 per 10 kg, with business volume of 2 lots.

Market analysts said fresh buying by traders on pick up in demand in the spot market due to ongoing festive season mainly led to rise in refined soya oil futures prices.