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Refined soya oil futures remain up on surging demand

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Press Trust of India New Delhi
Last Updated : Aug 02 2016 | 12:48 PM IST
Refined soya oil prices rose further by 0.22 per cent to Rs 632.50 per 10 kg in futures trade today as traders enlarged positions on the back of rising demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September month advanced by Rs 1.40, or 0.22 per cent to Rs 632.50 per 10 kg with an open interest of 97,340 lots.
Similarly, the oil for delivery in August contracts moved up by Rs 1.15, or 0.18 per cent to Rs 628.80 per 10 kg in 60,820 lots.
Traders said widening of positions by participants on the back of rising demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept refined soya oil prices higher at futures trade.

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First Published: Aug 02 2016 | 12:48 PM IST

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