Refined soya oil futures extend gains on strong demand

NEW DELHI, Nov 9:  Refined soya oil prices advanced by 0.10 per cent to Rs 705.80 per 10 kg in futures trading today as participants engaged in enlarging positions, taking positive cues from the spot market on strong demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December edged up by 70 paise, or 0.10 per cent to Rs 705.80 per 10 kg with an open interest of 15,740 lots.
Similarly, the oil for delivery in November was also trading higher by 65 paise, or 0.09 per cent to Rs 719.60 per 10 kg in 48,510 lots.
Analysts said expanding of positions by traders owing to rising 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)