Refined soya oil futures up on firm spot demand

Refined soya oil futures prices inched up by 0.15 per cent to Rs 652.60 per 10 kg today on pick up in demand in the spot market, following the ongoing marriage season. 

At the Multi Commodity Exchange, refined soya oil for delivery in February traded marginally higher by 95 paise, or 0.15 per cent, to Rs 652.60 per 10 kg, with an open interest of just one lot.

Similarly, the oil for delivery in March contract edged up by 50 paise, or 0.08 per cent, to Rs 658.45 per 10 kg, with a business volume of just one lot.

Market analysts said rising demand in the spot market, supported by the ongoing marriage season mainly helped refined soya oil prices to trade higher at futures market.