Refined soya oil futures maintan uptrend on strong demand

Continuing its upward trend for a third day, refined soya oil prices rose by another 0.22 per cent to Rs 666.70 per 10 kg in futures trade today following strong demand in spot market.
Besides, tight stocks position on fall in supplies from growing regions too supported the upmove.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September month rose by Rs 1.45, or 0.22 per cent to Rs 666.70 per 10 kg with an open interest of 7,820 lots.
In a similar fashion, the oil for delivery in October edged up by 55 paise, or 0.08 per cent to Rs 676.70 per 10 kg in 52,480 lots.

Analysts said expanding of positions by traders on the back of strong demand in the physical market kept refined soya oil prices higher at futures trade.