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Supported by rising demand at the spot market, refined soya oil prices rose by 0.26 per cent to Rs 586.50 per 10 kg in futures trading today.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August was trading higher by Rs 1.55, or 0.26 per cent to Rs 586.50 per 10 kg in a business turnover of 2,17,155 lots.
Similarly, the oil for delivery in October contracts edged higher by Rs 1.45, or 0.25 per cent to Rs 572.50 per 10 kg in 72,645 lots.
Market analysts attributed the rise in refined soya oil prices to positions built up by speculators, powered by firm demand at the spot market against restricted supplies from producing belts.
