Refined soya oil prices rose further by 0.20 per cent to Rs 703.60 per 10 kg in futures market today as participants engaged in enlarging positions, tracking a firm trend at spot market on surging demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December traded higher by Rs 1.40, or 0.20 per cent to Rs 703.60 per 10 kg with an open interest of 38,260 lots.
Likewise, the oil for delivery in November gained Rs 1.20, or 0.17 per cent to Rs 692.10 per 10 kg in 20,140 lots.
Analysts said expanding of positions by traders on the back of strong demand in the physical market against tight stocks position on restricted supplies from producing belts mainly kept refined soya oil prices higher at futures trade.
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