# Refined soya oil futures gain 1.02% on spot demand

> Refined soya oil futures on India's National Commodity and Derivatives Exchange rose about 1% on Tuesday. The February 2019 contract gained Rs 7.35 to Rs 725.5 per 10 kg on higher open interest.

- Date: 2018-12-04 · published 2018-12-04T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/11526-refined-soya-oil-futures-gain-1-02-on-spot-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Traders added positions because of tight supplies from producing areas and firmer physical markets, which points to near-term support for soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/refined-soya-oil-futures-gain-1-02-on-spot-demand-118120400549_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.