Refined soya oil moved up by Rs 7.85 to Rs 618 per 10 kg in futures trade today, as traders enlarged their positions in tandem with a firm spot market trend amid low stocks.
At the Multi Commodity Exchange, refined soya oil for delivery in April rose by Rs 7.85, or 1.28% to Rs 618 per 10 kg, with trading volume of nine lots.
Similarly, the oil prices for delivery in March increased by Rs 3.35, or 0.55%, to Rs 610 per 10 kg, with an open interest of a single lot.
Analysts said increased buying by speculators on rising demand in the spot market against fall in supplies from overseas market, mainly influenced refined soya oil prices in futures trade.