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Supported by rising domestic demand and tight supplies from producing belts, refined soya oil prices advanced by 0.39% to Rs 621.50 per 10 kg in futures trading today as speculators enlarged positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February month moved up by Rs 2.40, or 0.39% to Rs 621.50 per 10 kg with an open interest of 7,595 lots.
Likewise, the oil for delivery in April contracts edged up by Rs 2.20, or 0.36% to Rs 607 per 10 kg in 1,04,900 lots.
Analysts said apart from demand going up in the spot market, tight supplies from producing belts mainly kept refined soya oil prices up at futures trade.
