# Uptick in demand lifts refined soya oil futures up 0.45%

> Refined soya oil futures on India's National Commodity and Derivatives Exchange rose about 0.45% on February 27, 2017. Gains came from fresh positions tied to stronger spot demand and tight stocks as supplies fell from producing areas.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7824-uptick-in-demand-lifts-refined-soya-oil-futures-up-0-45
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight domestic stocks and firm spot demand support Indian soyoil prices. The move is a routine local futures change with limited effect on global prices.

## Read by commodity

- SBO: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/uptick-in-demand-lifts-refined-soya-oil-futures-up-0-45-117022700242_1.html

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