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Refined soya oil futures up on spot demand

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Press Trust of India New Delhi

In restricted activity, refined soya oil prices rose by Rs 5.30 to Rs 635.95 per 10 kg in futures trading today as speculators enlarged their positions on the back of pick-up in spot market demand.

At the Multi Commodity Exchange, refined soya oil for delivery in June gained Rs 5.30, or 0.84% to Rs 635.95 per 10 kg, with a business volume of a single lot. 

Analysts said enlarging of positions by speculators on the back of rising spot market demand mainly pushed up refined soya oil futures prices.

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First Published: May 16 2011 | 1:52 PM IST

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