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Refined soya oil prices rose by 0.67% to Rs 702.45 per 10 kg in futures trade today as speculators created fresh positions on pick-up in spot market demand amid restricted arrivals.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May went up by Rs 4.70, or 0.67%, to Rs 702.45 per 10 kg with an open interest of 1,17,420 lots.
In a similar fashion, the oil for delivery in April traded higher by Rs 3.60, or 0.51%, to Rs 715 per 10 kg in 63,770 lots.
Analysts said speculators created fresh positions due to pick-up in spot market demand amid restricted arrivals from producing regions that led to rise in refined soya oil prices at futures trade.
