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Refined soya oil futures rise as spot demand picks up

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Press Trust of India New Delhi

Refined oil futures prices moved up by Rs 5.55 to Rs 569.35 per 10 kg today, as traders enlarged their positions, driven by a firm trend at spot markets.

At the Multi Commodity Exchange counter, refined soya oil for December delivery rose by Rs 5.55, or 0.98 per cent, to Rs 569.35 per 10 kg, with a business turnover of just one lot.

Similarly, the oil for delivery in November contract traded higher by Rs 4.70, or 0.85 per cent, to Rs 554.80 per 10 kg, with a business turnover of just one lot.

Analysts said firm trend at domestic markets on rising demand ahead of marriage season, influenced the refined soya oil futures prices.

 

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First Published: Nov 09 2010 | 12:32 PM IST

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