Refined soya oil futures extend gains on spot demand
NEW DELHI, Sept 13:  Rising for the second day, refined soya oil prices by another 0.57 per cent to Rs 674 per 10 kg in futures trade today as speculators engaged in enlarging their positions, tracking a firm trend at spot market on surging demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October advanced by Rs 3.85, or 0.57 per cent to Rs 674 per 10 kg with an open interest of 50,180 lots.
Likewise, the oil for delivery in September contracts gained Rs 3.60, or 0.55 per cent to Rs 663.80 per 10 kg in 9,580 lots.
Analysts said widening of positions by traders following increased demand in the physical market against restricted supplies from producing belts, mainly kept refined soya oil prices higher at futures trade. (PTI)

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