 "Refined soya oil up 0.6% on pick-up in demand")
Refined soya oil prices rose by 0.67% to Rs 702.45 per 10 kg in futures trade today as speculators created fresh positions on pick-up in spot market demand amid restricted arrivals.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May went up by Rs 4.70, or 0.67%, to Rs 702.45 per 10 kg with an open interest of 1,17,420 lots.
In a similar fashion, the oil for delivery in April traded higher by Rs 3.60, or 0.51%, to Rs 715 per 10 kg in 63,770 lots.
Analysts said speculators created fresh positions due to pick-up in spot market demand amid restricted arrivals from producing regions that led to rise in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May went up by Rs 4.70, or 0.67%, to Rs 702.45 per 10 kg with an open interest of 1,17,420 lots.
In a similar fashion, the oil for delivery in April traded higher by Rs 3.60, or 0.51%, to Rs 715 per 10 kg in 63,770 lots.
Analysts said speculators created fresh positions due to pick-up in spot market demand amid restricted arrivals from producing regions that led to rise in refined soya oil prices at futures trade.