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Refined soya oil futures extend gain, up 0.51% on firm demand

NEW DELHI, Nov 8:  Refined soya oil prices rose further by 0.51 per cent to Rs 712.80 per 10 kg in futures trading today as participants engaged in expanding positions on the back of rising demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December rose by Rs 3.65, or 0.51 per cent to Rs 712.80 per 10 kg with an open interest of 40,620 lots.
Similarly, the oil for delivery in November contracts went up by Rs 1.75, or 0.25 per cent to Rs 699 per 10 kg in 18,070 lots.
Analysts said widening of positions by traders due to pick-up in demand in the physical market against tight stocks position on fall in supplies from producing belts mainly kept refined soya oil prices higher at futures trade. (PTI)

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