Refined oil futures prices rose by Rs 10.70 to Rs 617 per 10 kg today, as traders enlarged their positions, supported by a firm trend in spot markets on strong demand.
Fall in supplies from overseas markets also influenced refined soya oil futures prices.
At the Multi Commodity Exchange counter, refined soya oil for delivery in May rose by Rs 10.70, or 1.76%, to Rs 617 per 10 kg, with a trading volume of just two lots.
Similarly, the oil for delivery in April surged by Rs 3.60, or 0.60%, to Rs 610.50 per 10 kg, with a trade volume of eight lots, while March delivery increased by Rs 3.05, or 0.51%, to Rs 606 per 10 kg, with a business turnover of just one lot.
Analysts said increased buying by speculators, driven by rising demand in the spot market, mainly led to the rise in refined soya oil futures prices.
