Refined soya oil futures remain up on rising demand

NEW DELHI, July 4: Refined soya oil prices advanced by 0.15 per cent to Rs 757.40 per 10 kg in futures trading today as speculators engaged in building up positions, tracking a firm trend at spot market on surging demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August advanced by Rs 1.15, or 0.15 per cent to Rs 757.40 per 10 kg with an open interest of 29,030 lots.
Similarly, the oil for delivery in July edged up by 70 paise, or 0.09 per cent to Rs 752.50 per 10 kg in 36,920 lots.
Analysts said widening of positions by traders on the back of soaring demand in the physical market against restricted supplies from producing belts, mainly kept refined soya oil prices higher at futures trade. (PTI)