Amid pick-up in domestic demand
at spot markets and restricted supplies from producing regions, refined soya oil prices went up by 0.40 per cent to Rs 759 per 10 kg in futures trade Thursday as participants built up fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November rose by Rs 3.05, or 0.40 per cent to Rs 759 per 10 kg with an open interest of 30,520 lots.
Similarly, the oil for delivery in December traded higher by Rs 1.95, or 0.26 per cent, to Rs 762.20 per 10 kg in 5,070 lots.
Analysts said fresh positions created by traders following pick-up in demand in the physical market against restricted supplies from growing regions mainly led an upward trend in refined soya oil prices at futures trade.
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