 "Refined soya oil up 0.5% on pickup in demand")
Amid pickup in domestic demand and tight supplies from producing belts, refined soya oil prices were up by 0.53 per cent to Rs 602.85 per 10 kg in futures trade today as speculators created fresh positions.
In futures trading at the National Commodity and Derivatives Exchange, refined soya oil for delivery in June month rose by Rs 3.15, or 0.53 per cent to Rs 602.85 per 10 kg with an open interest of 87,590 lots.
Likewise, the oil for delivery in August contracts traded higher by Rs 2.10, or 0.36 per cent to Rs 592.80 per 10 kg in 1,60,305 lots.
Market analysts said besides pickup in demand in the spot market, restricted arrivals from producing belts mainly led to the rise in refined soya oil prices at futures trade.
In futures trading at the National Commodity and Derivatives Exchange, refined soya oil for delivery in June month rose by Rs 3.15, or 0.53 per cent to Rs 602.85 per 10 kg with an open interest of 87,590 lots.
Likewise, the oil for delivery in August contracts traded higher by Rs 2.10, or 0.36 per cent to Rs 592.80 per 10 kg in 1,60,305 lots.
Market analysts said besides pickup in demand in the spot market, restricted arrivals from producing belts mainly led to the rise in refined soya oil prices at futures trade.