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Refined soya oil futures gain 1.02% on spot demand

Press Trust of India  |  New Delhi 

Refined prices rose by 1.02 per cent, to Rs 725.5 per 10 kg in futures trade Tuesday as traders created fresh positions in sync with higher physical markets sentiment.

At the National Commodity and Derivatives Exchange, refined for February 2019 went up by Rs 7.35, or 1.02 per cent, to Rs 725.5 per 10 kg with an open interest of 5,590 lots.

On similar lines, the for January was trading higher by Rs 4.35, or 0.6 per cent, to Rs 730 per 10 kg in 33,580 lots.

Analysts said, restricted supplies from growing belts, encouraged traders to build up exposure leading to the rise in prices.

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

First Published: Tue, December 04 2018. 15:25 IST