Refined soya oil futures extended gains for the second straight day today and added 50 paise to Rs 448.20 per 10 kg, as traders enlarged their positions, driven by good demand in spot market.
At the Multi Commodity Exchange, refined soya oil for August contract rose by 50 paise, or 0.11 per cent, to Rs 448.20 per 10 kg, with a trading volume of 37 lots.
It had gained 0.88 per cent in yesterday's trading.
Similarly, the oil for delivery in current-month July contract rose by 30 paise, or 0.07 per cent, to Rs 441 per 10 kg, with an open interest of 22 lots.
Marketmen said increased buying by speculators, driven by good demand in spot market, mainly pushed up refined soya oil prices at futures market.