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Refined soya oil up 0.2% on spot demand

Oil for delivery in April traded higher by 0.15%

Press Trust of India New Delhi
Last Updated : Mar 31 2014 | 1:00 PM IST
Amid rising spot demand, refined soya oil prices were up by 0.25% to Rs 692.75 per 10 kg in futures trading today as speculators created fresh positions.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May edged up by Rs 1.70, or 0.25% to Rs 692.75 per 10 kg with an open interest of 1,12,530 lots.

Similarly, the oil for delivery in April traded higher by Rs 1.05, or 0.15% to Rs 704.40 per 10 kg in 70,920 lots.

Market analysts said the rise in refined soya oil prices at futures trade was mostly in line with rising demand in the spot markets.

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First Published: Mar 31 2014 | 1:00 PM IST

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