Business Standard

Refined soya oil gains 0.14% as demand picks up

Image

Press Trust of India New Delhi
Refined soya oil prices went up by 0.14 per cent to Rs 734.90 per 10 kg in futures trade today as speculators built up fresh positions, taking positive cues from spot markets on firm demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose by Rs 1.05, or 0.14 per cent to Rs 734.90 per 10 kg with an open interest of 22,490 lots.
Likewise, the oil for delivery in September edged up by 85 paise, or 0.12 per cent to Rs 733 per 10 kg in 38,220 lots.
Analysts said fresh positions created by traders on the back of rise in demand in the spot market against restricted arrivals from producing belts attributed to the rise in refined soya oil prices in futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2018 | 11:35 AM IST

Explore News