 "Refined soya oil rises 0.68% as demand picks up")
Refined soya oil prices traded higher by 0.68 per cent at Rs 587.80 per 10 kg in futures trading today, amid a pick-up in domestic demand and restricted supplies from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month August contracts moved up by Rs 3.95, or 0.68 per cent, to Rs 587.80 per 10 kg with an open interest of 1,73,080 lots.
The June contract was trading higher by Rs 3.70, or 0.62 per cent, to Rs 598.25 per 10 kg in 63,320 lots.
Analysts said that apart from a firm trend at spot market on a demand pick-up, restricted supplies from producing belts mainly led to the rise.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month August contracts moved up by Rs 3.95, or 0.68 per cent, to Rs 587.80 per 10 kg with an open interest of 1,73,080 lots.
The June contract was trading higher by Rs 3.70, or 0.62 per cent, to Rs 598.25 per 10 kg in 63,320 lots.
Analysts said that apart from a firm trend at spot market on a demand pick-up, restricted supplies from producing belts mainly led to the rise.