Refined soya oil prices rose by 0.17 per cent to Rs 740.60 per 10 kg in futures market today as speculators built up fresh positions after pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September edged up by Rs 1.25, or 0.17 per cent, to Rs 740.60 per 10 kg with an open interest of 48,540 lots.
On similar lines, refined soya oil for August was trading higher by 95 paise, or 0.13 per cent, to Rs 737.95 per 10 kg in 5,610 lots.
Analysts said fresh positions by traders following uptick in demand in the spot market against restricted supplies from producing belts, attributed the rise in refined soya oil prices.
Disclaimer: No Business Standard Journalist was involved in creation of this content
