Refined soya oil futures up 0.16 pc on spot cues

NEW DELHI, June 14: Refined soya oil prices rose 0.16 per cent to Rs 741 per 10 kg in futures trade today as speculators built up fresh positions, taking positive cues from the spot market on uptick in demand.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July month edged up by Rs 1.15, or 0.16 per cent to Rs 741 per 10 kg with an open interest of 53,140 lots.

Likewise, the oil for delivery in June contract was trading higher by 40 paise, or 0.05 per cent to Rs 732.40 per 10 kg in 28,170 lots.

Analysts said fresh positions created by traders following pick up in demand in the spot market against restricted arrivals from producing belts led to the rise in refined soya oil prices in futures trade. (PTI)