Refined soya oil prices rose by Rs 3.70 to Rs 668.70 per 10 kg in futures trade today, as traders indulged in enlarging positions to meet the upcoming festive demand.
Restricted arrivals from overseas markets also supported the rise in prices.
At the Multi Commodity Exchange, refined soya oil for August delivery rose by Rs 3.70, or 0.55%, to Rs 668.70 per 10 kg, with a business volume of two lots.
Analysts said increased buying by speculators to meet the upcoming festive demand in the spot market, mainly led to the rise in refined soya oil prices at the futures trade.