Refined soya oil futures gained 0.26 per cent to Rs 618.90 per 10 kg on the first day of 2016 today as participants widened their commitments, triggered by tight stocks on restricted supplies from producing regions at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January month edged up by Rs 1.60, or 0.26 per cent, to Rs 618.90 per 10 kg with an open interest of 72,490 lots.
Likewise, the oil for delivery in February contracts traded higher by 70 paise, or 0.11 per cent to Rs 615.20 per 10 kg in 82,640 lots.
Market analysts attributed rise in refined soya at futures trade to tight supplies from growing regions amid rising spot demand.
