Refined soya oil up 0.19% on spot demand

Analysts attribute rise in futures market to higher offtake during the ongoing marriage season

Refined soya oil gained 0.19 per cent to Rs 676.20 per 10 kg in futures trade today as speculators enlarged their positions on pick up in spot demand due to ongoing marriage season.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July was up Rs 1.25, or 0.19 per cent, to Rs 676.20 per 10 kg, with an open interest of 40,110 lots.     

The June contract gained Rs 1.20, or 0.17 per cent, to Rs 693.50 per 10 kg in 82,250 lots.     

Analysts attributed the rise in refined soya oil futures to pick up in demand in the spot market due to ongoing marriage season.