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Refined soya oil futures up 0.16 pc on spot cues

Press Trust of India  |  New Delhi 

Refined prices rose 0.16 per cent to Rs 741 per 10 kg in futures trade today as speculators built up fresh positions, taking positive cues from the spot market on uptick in demand.

At the National Commodity and Derivatives Exchange, refined for delivery in July month edged up by Rs 1.15, or 0.16 per cent to Rs 741 per 10 kg with an open interest of 53,140 lots.

Likewise, the for delivery in June contract was trading higher by 40 paise, or 0.05 per cent to Rs 732.40 per 10 kg in 28,170 lots.

Analysts said fresh positions created by traders following pick up in demand in the spot market against restricted arrivals from producing belts led to the rise in refined prices in futures trade.

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

First Published: Thu, June 14 2018. 11:05 IST
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