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Rise in demand lifts refined soya oil futures by 0.25 pc

Press Trust of India  |  New Delhi 

Amid pick-up in domestic demand at the spot market and restricted supplies from producing regions, refined prices went up by 0.25 per cent to Rs 755.90 per 10 kg in futures trade Friday as participants built up fresh positions.

At the National Commodity and Derivatives Exchange, refined for delivery in November month rose by Rs 1.90, or 0.25 per cent, to Rs 755.90 per 10 kg with an open interest of 35,530 lots.

Similarly, the for delivery in December traded higher by Rs 1.70, or 0.22 per cent, to Rs 762.50 per 10 kg in 10,390 lots.

Analysts said fresh positions created by traders following pick-up in demand in the physical market against restricted supplies from growing regions led to an upward trend 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: Fri, October 12 2018. 11:40 IST