Refined soya oil futures edge up 0.07 pc on spot demand

NEW DELHI, May 18: Refined soya oil prices inched up by 0.07 per cent to Rs 770.80 per 10 kg in futures market today as speculators raised their bets amid uptick in demand in the spot market.
Tight stocks position on fall in arrivals from producing regions too fuelled the uptrend.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June month edged up by 55 paise, or 0.07 per cent to Rs 770.80 per 10 kg with an open interest of 61,380 lots.
Similarly, the oil for delivery in May contract was trading higher by 20 paise, or 0.03 per cent to Rs 751 per 10 kg in 9,020 lots.
Analysts said widening of positions by traders following upsurge in demand in the physical markets against tight stocks position on restricted supplies from producing belts mainly mainly helped refined soya oil prices at futures trade. (PTI)


Please enter your comment!
Please enter your name here