 "Refined soya oil up 0.4% as demand picks up")
Supported by pick up in demand in the spot market amidst restricted arrivals from producing belts, refined soya oil prices were up by 0.41% to Rs 637.20 per 10 kg in futures trade today as speculators created fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September moved up by Rs 2.60, or 0.41%, to Rs 637.20 per 10 kg with an open interest of 1,075,60 lots.
In likewise manners, the oil for delivery in August edged higher by 80 paise, or 0.12%, to Rs 648.80 per 10 kg in 9,700 lots.
Market analysts said fresh positions created by speculators amidst pick-up in demand in spot markets mainly led to the rise in refined soya oil prices in futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September moved up by Rs 2.60, or 0.41%, to Rs 637.20 per 10 kg with an open interest of 1,075,60 lots.
In likewise manners, the oil for delivery in August edged higher by 80 paise, or 0.12%, to Rs 648.80 per 10 kg in 9,700 lots.
Market analysts said fresh positions created by speculators amidst pick-up in demand in spot markets mainly led to the rise in refined soya oil prices in futures trade.