Refined soya oil prices advanced by 0.72 per cent to Rs 722.5 per 10 kg in futures trade Monday as speculators raised their positions on the back of rising demand.
At the National Commodity and Derivatives Exchange, refined soya oil for January 2019 went up by Rs 5.15, or 0.72 per cent, to Rs 722.50 per 10 kg with an open interest of 44,610 lots.
On similar lines, the oil for February was trading higher by Rs 5.2, or 0.73 per cent, to Rs 718 per 10 kg in 16,550 lots.
Analysts said expanding of positions by traders following strong demand at the spot market against restricted supplies from producing belts, kept refined soya oil prices higher in futures trade.
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