Amid pick up in domestic demand at spot market and restricted supplies from producing regions, refined soya oil prices were up 0.52 per cent to Rs 649.50 per 10 kg in futures trading today as speculators built up fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August went up by Rs 3.35, or 0.52 per cent, to Rs 649.50 per 10 kg with an open interest of 40,420 lots.
Likewise, the oil for delivery in September was trading higher by Rs 2.80, or 0.43 per cent, to Rs 656.50 per 10 kg in 30,870 lots.
Analysts said fresh positions created by traders after demand picked up in the physical market against restricted supplies from producing regions led to the uptrend.
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