 "Refined soya oil up 0.2% on pick-up in demand")
Refined soya oil traded higher by 0.25% to Rs 695.40 per 10 kg in futures trade today as speculators created positions amid pick-up in domestic demand due to the ongoing marriage season.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 1.70, or 0.25%, to Rs 695.40 per 10 kg with an open interest of 52,580 lots.
Similarly, the oil for delivery in May edged up by Rs 1.55, or 0.22%, to Rs 704.65 per 10 kg in 87,310 lots.
Analysts said speculators created fresh positions on pick-up in demand in the spot market, supported by ongoing wedding season that led to the rise in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 1.70, or 0.25%, to Rs 695.40 per 10 kg with an open interest of 52,580 lots.
Similarly, the oil for delivery in May edged up by Rs 1.55, or 0.22%, to Rs 704.65 per 10 kg in 87,310 lots.
Analysts said speculators created fresh positions on pick-up in demand in the spot market, supported by ongoing wedding season that led to the rise in refined soya oil prices at futures trade.