 "Refined soya oil up 0.5% due to pick up in demand")
Refined soya oil prices moved up by 0.45% to Rs 672 per 10 kg in futures trading today as speculators enlarged positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January month gained Rs 3, or 0.45% to Rs 672 per 10 kg with an open interest of 44,420 lots.
Similarly, the oil for delivery in February contract traded higher by Rs 2.75, or 0.42% to Rs 662.50 per 10 kg in 74,360 lots.
Analysts said speculators enlarged their positions due to pick up in demand in the spot market against limited arrivals from producing belts, and this mainly supported the upside.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January month gained Rs 3, or 0.45% to Rs 672 per 10 kg with an open interest of 44,420 lots.
Similarly, the oil for delivery in February contract traded higher by Rs 2.75, or 0.42% to Rs 662.50 per 10 kg in 74,360 lots.
Analysts said speculators enlarged their positions due to pick up in demand in the spot market against limited arrivals from producing belts, and this mainly supported the upside.