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Refined soya oil prices gained 1.12% to Rs 708.45 per 10 kg in futures trade today as speculators enlarged positions, supported by pick up in demand in the spot market against tight supplies.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month rose by Rs 7.85, or 1.12%, to Rs 708.45 per 10 kg in business turnover of 10,5930 lots.
Similarly, the oil for delivery in October traded higher by Rs 5.85, or 0.83%, to Rs 714.10 per 10 kg in 18,880 lots.
Analysts said speculators enlarged their positions, driven by pick up in demand in the spot market against tight supplies from producing regions mainly led an upsurge in refined soya oil prices in futures trade.
