Refined soya oil prices were higher by 0.16 per cent to Rs 741.50 per 10 kg in futures trade today as speculators built up fresh positions following uptick in demand at spot markets.
At the National Commodity and Derivatives Exchange, the oil for delivery in February went up by Rs 1.20, or 0.16 per cent to Rs 741.50 per 10 kg with an open interest of 33,940 lots.
The oil for delivery in January edged up 50 paise, or 0.07 per cent to Rs 741.80 per 10 kg in 14,970 lots.
Analysts said fresh positions created by traders due to pick up in demand in physical market against restricted supplies from producing belts led to the rise in refined soya oil futures prices.
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