Refined soya futures gain 2.14 pc on strong demand
At the NCDEX, refined soya oil for delivery in October rose by Rs 14.55, or 2.14 per cent to Rs 694.80 per 10 kg with an open interest of 87,120 lots.
By PTI |
NEW DELHI: Refined soya oil prices rose 2.14 per cent to Rs 694.80 per 10 kg in futures trade today as speculators enlarged their positions, driven by strong demand in the spot market against tight supplies from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose by Rs 14.55, or 2.14 per cent to Rs 694.80 per 10 kg with an open interest of 87,120 lots.
Similarly, the oil for delivery in September moved up by Rs 12.65, or 1.82 per cent to Rs 707.50 per 10 kg in 59,850 lots.
Market analysts said strong demand in the spot markets mainly influenced refined soya prices at futures trade here.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October rose by Rs 14.55, or 2.14 per cent to Rs 694.80 per 10 kg with an open interest of 87,120 lots.
Similarly, the oil for delivery in September moved up by Rs 12.65, or 1.82 per cent to Rs 707.50 per 10 kg in 59,850 lots.
Market analysts said strong demand in the spot markets mainly influenced refined soya prices at futures trade here.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Refined soya futures down 0.20% on low demandADVERTISEMENT
