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Refined soya oil futures gain 0.62% on rising demand

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Press Trust of India New Delhi
Last Updated : Jul 31 2015 | 5:02 PM IST
Supported by pickup in demand at spot markets, refined soya oil prices rose 0.62 per cent to Rs 563.75 per 10 kg in futures trade today as participants built up positions.
Besides, restricted supplies from producing belts influenced prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose Rs 3.50, or 0.62 per cent to Rs 563.75 per 10 kg with an open interest of 90,340 lots.
Likewise, the oil for delivery in August contracts traded higher by Rs 2.95, or 0.51 per cent to Rs 578.75 per 10 kg in 1,19,375 lots.
Market analysts said besides rising demand at the spot market, restricted supplies from producing belts led to rise in refined soya oil prices in futures trade.

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First Published: Jul 31 2015 | 5:02 PM IST

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