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Refined soya futures up on spot demand

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Press Trust of India New Delhi

Refined soya futures prices rose by Rs 6.10 to Rs 543.50 per 10 kg today, as traders and speculators created fresh positions on pick up in demand in the spot market.

At the Multi Commodity Exchange platform, refined soya oil for delivery in December rose by Rs 6.10, or 1.14 per cent, to Rs 543.50 per 10 kg, with a business turnover of two lots.

Similarly, the oil for delivery in November traded higher by Rs 6.05, or 1.14 per cent, to Rs 537.10 per 10 kg, with an open interest of one lot.
    
Market experts said fresh positions created by traders and speculators due to a rise in demand in the spot market, mainly pushed up refined soya oil futures prices.

 

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First Published: Oct 25 2010 | 2:41 PM IST

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