 "Refined soya oil up 0.5% on strong demand")
Supported by strong domestic demand and tight supplies from producing regions, refined soya oil prices rose 0.52% to Rs 692.50 per 10 kg in futures trading today as speculators enlarged positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June gained Rs 3.60, or 0.52%, to Rs 692.50 per 10 kg with an open interest of 45,760 lots.
In a similar fashion, the oil for delivery in July traded higher by Rs 3.60, or 0.54%, to Rs 671 per 10 kg in 69,550 lots.
Analysts said speculators enlarged positions on a firm trend at spot market on strong demand against limited arrivals from producing regions which supported the upside in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June gained Rs 3.60, or 0.52%, to Rs 692.50 per 10 kg with an open interest of 45,760 lots.
In a similar fashion, the oil for delivery in July traded higher by Rs 3.60, or 0.54%, to Rs 671 per 10 kg in 69,550 lots.
Analysts said speculators enlarged positions on a firm trend at spot market on strong demand against limited arrivals from producing regions which supported the upside in refined soya oil prices at futures trade.