Business Standard

Refined soya oil futures rise on spot demand

Image

Press Trust of India New Delhi

In range-bound trading, refined soya oil prices rose by Rs 3.55 to Rs 624.65 per 10 kg in futures trade today on pick up in spot demand.

At the Multi Commodity Exchange, refined soya oil for delivery in March rose by Rs 3.55, or 0.57 per cent, to Rs 624.65 per 10 kg, with an open interest of a single lot.  

Analysts said rise in demand in the spot market due to the ongoing marriage season led to the rise in the refined soya oil futures prices.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 25 2011 | 12:54 PM IST

Explore News