Refined soya oil futures extend gains on spot demand
Refined soya oil futures extend gains on spot demand
Refined soya oil prices rose further by 0.30 per cent to Rs 657.85 per 10 kg in futures market today after a firm trend at spot market on strong demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September month edged up by Rs 1.95, or 0.30 per cent to Rs 657.85 per 10 kg with an open interest of 33,370 lots.
Similarly, the oil for delivery in October was trading higher by Rs 1.30, or 0.20 per cent to Rs 663.25 per 10 kg in 39,970 lots.
Analysts said widening of positions traders following pick up in demand in the spot market against restricted supplies from producing belts 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.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.