Refined soya oil prices rose by 0.57 per cent to Rs 627.15 per 10 kg in futures trade today amid pick-up in demand in the spot market and restricted supplies from producing regions.
At Multi Commodity Exchange, refined soya oil for delivery in January 2016 moved up by Rs 3.55, or 0.57 per cent, to Rs 627.15 per 10 kg with an open interest of 84,580 lots.
On similar lines, the oil for delivery in December traded higher by Rs 2.05, or 0.33 per cent, to Rs 623.50 per 10 kg in 57,800 lots.
Market analysts attributed the rise in refined soya oil prices at futures trade to upsurge in demand in the spot market amid restricted supplies from producing belts.
