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Spot demand lifts refined soya oil futures by 0.12%

Press Trust of India  |  New Delhi 

Refined prices moved up by 0.12 per cent to Rs 785 per 10 kg in futures market today as speculators created fresh bets, taking positive cues from spot market on uptick in demand.

At the National Commodity and Derivatives Exchange, refined for delivery in March month edged up by 95 paise, or 0.12 per cent to Rs 785 per 10 kg with an open interest of 23,140 lots.

Similarly, the for delivery in April contracts were trading higher by 50 paise, or 0.06 per cent to Rs 788 per 10 kg in 43,050 lots.

Analysts said fresh positions built up by traders following pick up in demand in the physical market against restricted supplies from producing belts influenced refined prices at futures trade.

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

First Published: Thu, March 08 2018. 11:55 IST