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Refined soya oil futures gain 0.22% on spot demand

Press Trust of India  |  New Delhi 

Refined prices rose 0.22 per cent to Rs 3,773 per 10 kg in futures trade Monday as speculators raised their bets amid upsurge in demand in the spot market.

At the National Commodity and Derivatives Exchange, refined for delivery in March went up by Rs 82, or 0.22 per cent, to Rs 3,773 per 10 kg with an open interest of 28,180 lots.

Similarly, the for delivery in April was up by Rs 76, or 2.04 per cent, to Rs 3,808 per 10 kg with an open interest of 50,600 lots.

Analysts said expansion of positions by traders on the back of pick up in demand at the physical markets against fall in supplies from growing belts helped to trade higher.

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

First Published: Mon, January 14 2019. 15:30 IST
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