REFINED SOYA OIL GAINS 0.53% AS DEMAND PICKS UP

• Refined soya oil prices gained 0.53% to Rs 643.80 per 10 kg in futures market today as speculators enlarged positions, driven by pick up in demand in the spot market.
• At the NCDEX, refined soya oil for delivery in January moved up by Rs 3.40, or 0.53 % to Rs 643.80 per 10 kg with an open interest of 56,650 lots.
• The February contract traded higher by Rs 3.20, or 0.50% to Rs 645 per 10 kg in 69,695 lots.
• Ref.Soya oil settled flat at 641.8 on late profit booking after prices seen supported due to robust demand and on higher import duty. 
• At the Indore spot market in Madhya Pradesh, soyaoil was steady at 660 rupees per 10 kgs.
• Technically market is under long liquidation as market has witnessed drop in open interest by -0.33% to settled at 69185 while prices down -0.25 rupee.