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Refined soya oil up 0.6% on good spot demand

Analysts said good spot market demand amid restricted supplies from producing regions mainly led to rise in refined soya oil prices at futures trade

Press Trust of India New Delhi
Supported by higher domestic demand and restricted supplies from producing regions, refined soya oil prices gained 0.68% to Rs 677.40 per 10 kg in futures trade today.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October moved up by Rs 4.55, or 0.68% to Rs 677.40 per 10 kg with an open interest of 58430 lots.

Similarly, the oil for delivery in November gained Rs 4.25, or 0.63% to Rs 674.60 per 10 kg in 56520 lots.

Analysts said good spot market demand amid restricted supplies from producing regions mainly led to rise in refined soya oil prices at futures trade.
 

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First Published: Sep 30 2013 | 1:48 PM IST

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