# Refined soya oil futures gain on spot demand

> Indian refined soya oil futures rose about 0.7% on the National Commodity and Derivatives Exchange on Wednesday. Traders added positions on tight supplies from growing regions and positive sentiment.

- Date: 2019-05-15 · published 2019-05-15T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/12583-refined-soya-oil-futures-gain-on-spot-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight regional supplies and firm spot demand support Indian soyoil prices, which can tighten vegetable oil availability for feed and food users. The move is modest and mainly reflects local market conditions.

## Read by commodity

- SBO: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/refined-soya-oil-futures-gain-on-spot-demand-119051500644_1.html

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