Refined soya oil rose by 0.43 per cent to Rs 740 per 10 kg in futures trade as traders engaged in enlarging their positions, tracking a firm trend at spot market on rising demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December month advanced by Rs 3.20, or 0.43 per cent, to Rs 740 per 10 kg with an open interest of 28,060 lots.
Likewise, the oil for delivery in January 2017 contract was trading higher by Rs 2.55, or 0.35 per cent, to Rs 740.60 per 10 kg in 59,840 lots.
Analysts said widening of positions by participants on the back of strong demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept refined soya oil prices higher at futures trade.
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