 "Refined soya oil up 0.3% on spot demand")
Refined soya oil prices rose by 0.35% to Rs 562.25 per 10 kg in futures trade today as speculators created fresh position, driven by pick-up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June rose by Rs 1.95, or 0.35%, to Rs 562.25 per 10 kg with an open interest of 1,19,740 lots.
Likewise, the oil for delivery in May contract edged up by 60 paise, or 0.10% to Rs 581.60 per 10 kg in 86,500 lots.
Besides pick-up in demand in the spot market, tight supplies from producing belts mainly helped refined soya oil prices to trade higher at futures trade, analysts said.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June rose by Rs 1.95, or 0.35%, to Rs 562.25 per 10 kg with an open interest of 1,19,740 lots.
Likewise, the oil for delivery in May contract edged up by 60 paise, or 0.10% to Rs 581.60 per 10 kg in 86,500 lots.
Besides pick-up in demand in the spot market, tight supplies from producing belts mainly helped refined soya oil prices to trade higher at futures trade, analysts said.