Refined soya futures gain 0.36 pc on rising demand

NEW DELHI: Refined soya oil prices gained 0.36 per cent to Rs 698.80 per 10 kg in futures trading today as speculators enlarged positions amid ongoing wedding season demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in April gained Rs 2.50, or 0.36 per cent, to Rs 698.80 per 10 kg with an open interest of 80,140 lots.

Similarly, the oil for delivery in March edged up by Rs 2.30, or 0.33 per cent, to Rs 703 per 10 kg in 92,800 lots.

Analysts said speculators enlarging their positions, supported by rising spot market demand in view of ongoing wedding season, mainly led to rise in refined soya oil prices at futures trade.