Refined soya oil prices traded higher by Rs 6.35 to Rs 739.85 per 10 kg in futures trade today on pick up in spot demand against restricted arrivals.
At the National Commodity and Derivative Exchange, January refined soya oi rose by Rs 6.35, or 0.87%, to Rs 739.85 per 10 kg, with an open interest of 1,750 lots.
The February delivery traded higher by Rs 1.40, or 0.19%, to Rs 727.70 per 10 kg, with a trade volume of 11,4640 lots.
Traders said besides pick up in spot market demand, less arrivals from producing region mainly led to a rise in refined soya oil futures.