Refined soya oil futures remain up on rising demand

Refined soya oil prices advanced by 0.43 per cent to Rs 667.90 per 10 kg in futures market today as speculators engaged in building up positions, driven by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November rose by Rs 2.85, or 0.43 per cent, to Rs 667.90 per 10 kg with an open interest of 55,340 lots.

Likewise, the oil for delivery in October edged up by Rs 1.25, or 0.19 per cent, to Rs 656.75 per 10 kg in 9,470 lots.

Analysts said expanding of positions by traders on the back of surging demand in the physical market against restricted supplies from growing regions mainly kept refined soya oil prices higher at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)