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Supported by rising domestic demand, refined soya oil prices moved up by 0.51 per cent to Rs 724.70 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 3.65, or 0.51 per cent, to Rs 724.70 per 10 kg with an open interest of 85,780 lots.
The April contract gained Rs 2.40, or 0.34 per cent, to Rs 716.30 per 10 kg in 1,22,020 lots.
Analysts said fresh positions built-up by speculators on the back of rising demand in the spot market, mainly pushed up refined soya oil prices at futures trade.
