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Refined soya oil futures edge up 0.07 pc on spot demand

Press Trust of India  |  New Delhi 

Refined prices inched up by 0.07 per cent to Rs 770.80 per 10 kg in futures market today as speculators raised their bets amid uptick in demand in the spot market.

Tight stocks position on fall in arrivals from producing regions too fuelled the uptrend.

At the National Commodity and Derivatives Exchange, refined for delivery in June month edged up by 55 paise, or 0.07 per cent to Rs 770.80 per 10 kg with an open interest of 61,380 lots.

Similarly, the for delivery in May contract was trading higher by 20 paise, or 0.03 per cent to Rs 751 per 10 kg in 9,020 lots.

Analysts said widening of positions by traders following upsurge in demand in the physical markets against tight stocks position on restricted supplies from producing belts mainly mainly helped refined prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 11:40 IST