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Refined soya oil futures gain 0.15% on spot demand

Press Trust of India  |  New Delhi 

Refined soya oil prices advanced 0.15 per cent to Rs 739.7 per 10 kg in futures trade Monday as speculators raised their positions on the back of spot demand.

On the National Commodity and Derivatives Exchange, refined soya oil for June contracts went up by Rs 1.1, or 0.15 per cent, to Rs 739.7 per 10 kg with an open interest of 41,270 lots.

On similar lines, the oil for July contracts was trading higher by 95 paise, or 0.13 per cent, to Rs 726.5 per 10 kg in 16,550 lots.

Analysts said, expanding of positions by traders following positive demand at the spot market mainly kept refined soya oil prices to trade higher.

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

First Published: Mon, May 20 2019. 15:10 IST
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