Refined soya oil futures up 0.19 pc on spot demand

NEW DELHI: Refined soya oil gained 0.19 per cent to Rs 676.20 per 10 kg in futures trade today as speculators enlarged their positions on pick up in spot demand due to ongoing marriage season.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July month rose by Rs 1.25, or 0.19 per cent, to Rs 676.20 per 10 kg, with an open interest of 40,110 lots.

Likewise, the oil for delivery in June edged up by Rs 1.20, or 0.17 per cent, to Rs 693.50 per 10 kg in 82,250 lots.

Analysts attributed the rise in refined soya oil futures to pick up in demand in the spot market due to ongoing marriage season.