Agri-commodities: Refined soya oil futures remain up 0.68% - 17 Nov 2016

Commodity Intraday Tips

Refined soya oil rose further by 0.68 per cent to Rs 683.75 per 10 kg in futures trade today as traders engaged in building their positions on the back of rising demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December month was trading higher by Rs 4.65, or 0.68 per cent to Rs 683.75 per 10 kg with an open interest of 49,350 lots.

Similarly, the oil for delivery in November month contracts was trading higher by Rs 1.95, or 0.29 per cent to Rs 684 per kg in 7,990 lots.

Analysts said widening of positions by participants owing to surging demand in the spot market against tight stocks position on fall in supplies from producing regions mainly kept refined soya oil prices up at futures trade.

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