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Refined soya oil up 0.4% on rising demand

Oil for delivery in October edged up by 0.24%

Press Trust of India New Delhi
Refined soya oil prices were up by 0.40% to Rs 595.30 per 10 kg in futures trading today as speculators enlarged positions, taking positive cues from spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November rose by Rs 2.40, or 0.40% to Rs 595.30 per 10 kg with an open interest of 99,795 lots.

Likewise, the oil for delivery in October edged up by Rs 1.60, or 0.24% to Rs 615.50 per 10 kg in 61,410 lots.

Analysts said apart from firming trend at spot market on rising demand in view of festive season, lower arrivals from producing regions led to the rise in refined soya oil prices at futures trade.
 

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First Published: Oct 01 2014 | 11:50 AM IST

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