Prices of refined soya oil and edible oil seeds have gone up on India's commodity exchanges thanks to strong movement in edible oil future prices in the international market.
Refined soya oil futures June contract closed up by one per cent at Rs 486.5 per 10 kg on NCDEX on Thursday against the previous close of Rs 481.5.
Soyabean futures at NCDEX closed up one per cent at Rs 1,531 per quintal against the previous close at Rs 1,516. Even rape mustard seed futures at the exchange closed up by one per cent at Rs 418.65 per 20 kg against the previous close at Rs 414.5.
Crude palm oil futures at the Malaysia futures exchange closed up 3.2 per cent at 2,581 ringgit a tonne. Malaysian palm oil tracks US soya oil movements.
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price movement in palm oil is because of a firm close of soya oil futures at the Chicago Board of Trade. The July soya oil futures closed 0.38% per lb higher at 35.56 cents.