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Spot demand lifts refined soya oil futures by 0.37%

Press Trust of India  |  New Delhi 

Amid pick up in domestic demand at the spot markets and restricted supplies from producing regions, refined soya prices traded higher by 0.37 per cent to Rs 642.40 per 10 kg in futures trading today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, refined soya for delivery in August rose by Rs 2.35, or 0.37 per cent, to Rs 642.40 per 10 kg, with an open interest of 24,460 lots.

On similar lines, the for delivery in September gained Rs 2.20, or 0.34 per cent, to Rs 649.30 per 10 kg in 53,970 lots.

Market analysts said fresh positions created by traders following uptick in demand in the physical market against restricted supplies from producing regions, mainly led to the rise in refined soya oil prices at futures trade.

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

First Published: Tue, August 08 2017. 18:07 IST