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Refined soya oil prices trade higher by 0.12 pct to INR 743.70 per 10 kg

Similarly, the oil for delivery in September contracts edged higher by 25 paise, or 0.03 percent, to Rs 739.50 per 10 kg in 36,780 lots.


PTI 02 Aug 2018, 05:28 AM India
  • Similarly, the oil for delivery in September contracts edged higher by 25 paise, or 0.03 percent, to Rs 739.50 per 10 kg in 36,780 lots. (Image Credit: Twitter)

Amid an upsurge in demand at the domestic spot market against restricted arrivals from producing regions, refined soya oil prices traded higher by 0.12 percent to Rs 743.70 per 10 kg in futures trade today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August inched up by 90 paise, or 0.12 percent, to Rs 743.70 per 10 kg with an open interest of 35,100 lots.

Similarly, the oil for delivery in September contracts edged higher by 25 paise, or 0.03 percent, to Rs 739.50 per 10 kg in 36,780 lots.

Analysts said fresh positions created by traders after pick up in demand in the spot market against restricted supplies from producing belts pushed up refined soya oil prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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