Refined soya oil futures remain up on rising demand
Refined soya oil prices advanced by 0.26 per cent to Rs 682.90 per 10 kg in futures market today as participants engaged in enlarging their positions on the back of rising demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December rose by Rs 1.80, or 0.26 per cent to Rs 682.90 per 10 kg with an open interest of 25,130 lots.
Similarly, delivery in November edged up by Rs 1.35, or 0.20 per cent to Rs 674.70 per 10 kg in 39,560 lots.
Analysts said widening of positions by traders following 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.)
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