Continuing its upmove for the second day, refined soya oil prices strengthened by 0.20 per cent to Rs 738.50 per 10 kg in futures trade today as speculators raised bets amid rising demand in the spot market
Representational Pic
ADVERTISEMENT
Continuing its upmove for the second day, refined soya oil prices strengthened by 0.20 per cent to Rs 738.50 per 10 kg in futures trade today as speculators raised bets amid rising demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March contracts edged up by Rs 1.50, or 0.20 per cent, to Rs 738.50 per 10 kg with an open interest of 40,340 lots.
Likewise, the oil for delivery in February contracts were trading higher by 50 paise, or 0.07 per cent, at Rs 735.85 per 10 kg in 9,890 lots.
Analysts said widening of positions by traders on back of soaring demand in the physical market against tight stocks position on fall in supplies from producing belts kept refined soya oil prices higher in futures trade.
This story has been sourced from a third party syndicated feed, agencies. Except for the change in headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
