Refined soya oil regain 0.39 per cent on spot demand

NEW DELHI: Refined soya oil prices were up by 0.39 per cent to Rs 586.50 per 10 kg in futures trading today as speculators indulged in creating fresh positions, taking positive cues from spot market on pickup in demand.

In addition, restricted supplies from producing regions in the physical market supported the upside.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August moved up by Rs 2.30, or 0.39 per cent to Rs 586.50 per 10 kg with an open interest of 2,26,945 lots.

Similarly, the oil for delivery in June contracts traded higher by Rs 1.90, or 0.31 per cent to Rs 609.10 per 10 kg in 12,145 lots.

Market analysts said strong demand in the spot markets against restricted supplies from growing regions, influenced refined soya oil prices at futures trade.