Robust demand lifts refined soya oil by 0.10%

NEW DELHI, June 22: Refined soya oil prices edged up by 0.10 per cent to Rs 745 per 10 kg in futures trade today as speculators built up fresh positions, driven by uptick in demand at the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July inched up by 75 paise, or 0.10 per cent to Rs 745 per 10 kg with an open interest of 55,340 lots.

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