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Uptick in demand lifts refined soya oil futures by 0.34%

Press Trust of India  |  New Delhi 

Refined soya prices were up by 0.34 per cent to Rs 639.30 per 10 kg in futures trading today as participants built up fresh positions, drivden by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in July month rose by Rs 2.15, or 0.34 per cent to Rs 639.30 per kg in business turnover of 50,420 lots.

In a similar fashion, the for delivery in June month contracts was trading higher by Rs 1.60, or 0.25 per cent to Rs 631.50 per 10 kg in 12,940 lots.

Analysts said fresh positions created by traders due to pick up in demand in the spot market, mainly attributed 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: Fri, June 16 2017. 12:07 IST