Refined soya oil prices rose by 0.42 per cent to Rs 671.50 per 10 kg in futures trading today as speculators created fresh positions, supported by pick-up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July rose by Rs 2.80, or 0.42 per cent to Rs 671.50 per 10 kg with an open interest of 1,22,400 lots.
The June contract traded higher by Rs 2.45, or 0.36 per cent to Rs 689.40 per 10 kg in 1,43,570 lots.
Analysts said fresh positions created by speculators largely in tandem with rising demand in the spot market against restricted arrivals from producing regions mainly led to rise in refined soya oil prices at futures trade.
