Supported by improved demand at the domestic spot market against restricted arrivals from producing belts, refined soya oil prices traded marginally higher by 0.02 per cent to Rs 734.20 per 10 kg in futures trade today as speculators raised their bets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September edged higher by 15 paise, or 0.02 per cent to Rs 734.20 per 10 kg with an open interest of 38,910 lots.
However, the oil for delivery in August held steady at Rs 736.15 per 10 kg in 18,360 lots.
Analysts said widening of positions by traders on the back of pick up in demand in the physical market against restricted supplies from producing regions, helped refined soya oil prices to trade higher in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
