Refined soya oil prices rose by Rs 4.40, or 0.90 per cent, to Rs 493 per 10 kg in futures trade today as traders indulged in enlarging their positions to meet the on-going festive season demand.
Restricted arrivals from overseas markets also supported the rise in prices.
At the Multi Commodity Exchange, refined soya oil for October month contract rose by Rs 4.40, or 0.90 per cent, to Rs 493 per 10 kg with a business volume of four lots.
Similarly, the oil for delivery in September month contract gained by Rs 2.20, or 0.45 per cent, to Rs 494.05 per 10 kg with a business turnover in 105 lots.
Analysts said increased buying by speculators to meet the festive season demand in the domestic market, mainly led to rise in refined soya oil prices at the futures trade.
