Continuing its rising run for the fourth day, refined soya oil prices traded higher by 0.47 per cent to Rs 712.90 per 10 kg in futures market today as participants engaged in widening their bets amid a firm trend at spot market on rising demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February moved up by Rs 3.30, or 0.47 per cent to Rs 712.90 per 10 kg with an open interest of 27,660 lots.
Likewise, the oil for delivery in January was up by Rs 3.15, or 0.44 per cent, to Rs 718 per 10 kg in 40,870 lots.
Analysts said, expanding of positions by traders on the back of rising demand in the spot market against tight stocks position on fall in supplies from producing belts, mainly kept refined soya oil prices higher at futures trade.
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