Refined soya oil prices were trading up by 0.19 per cent to Rs 655.50 per 10 kg in futures trading today as speculators created fresh positions, driven by pick-up in demand in the spot market.
Besides, tight stocks position on fall in supplies from producing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September rose by Rs 1.25, or 0.19 per cent, to Rs 655.50 per 10 kg with an open interest of 36,620 lots.
Similarly, the oil for delivery in October was trading higher by Rs 1.15, or 0.17 per cent, to Rs 662 per 10 kg in 36,980 lots.
Analysts said fresh position built up by traders due to upsurge in demand in the spot market against restricted supplies from producing belts mainly led to the rise in refined soya oil prices at futures trade.
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