Refined soya oil prices higher by 0.45 per cent to Rs 697.15 per 10 kg in futures trade today largely supported by an upsurge in spot demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June rose by Rs 3.10, or 0.45 per cent to Rs 697.15 per 10 kg with an open interest of 1,48,130 lots.
The May contract traded higher by Rs 2.25, or 0.31 per cent to Rs 719.50 per 10 kg in 70,440 lots.
Marketmen said fresh positions created by speculators driven by rising demand in the spot market in view of marriage season mainly influenced refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June rose by Rs 3.10, or 0.45 per cent to Rs 697.15 per 10 kg with an open interest of 1,48,130 lots.
The May contract traded higher by Rs 2.25, or 0.31 per cent to Rs 719.50 per 10 kg in 70,440 lots.
Marketmen said fresh positions created by speculators driven by rising demand in the spot market in view of marriage season mainly influenced refined soya oil prices at futures trade.