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Supported by rising spot demand against lower arrivals from producing regions, refined soya oil prices rose by 0.44% to Rs 705.85 per 10 kg in futures trading today as speculators created fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 3.10, or 0.44%, to Rs 705.85 per 10 kg with an open interest of 1,13,220 lots.
Likewise, the oil for delivery in April edged up by Rs 2.40, or 0.34%, to Rs 714 per 10 kg in 84,620 lots.
Analysts attributed the rise in refined soya oil futures to pick-up in demand in the spot market.
