Refined soya oil prices edged up by 0.11 per cent to Rs 757 per 10 kg in futures trade today as speculators built up fresh positions, driven by uptick in demand at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June edged higher by 85 paise, or 0.11 per cent, to Rs 757 per 10 kg with an open interest of 46,670 lots.
Likewise, the oil for delivery in July contracts rose marginally by 10 paise, or 0.01 per cent, to Rs 768.10 per 10 kg in 33,280 lots.
Analysts said fresh positions created by traders after pick up in demand in the spot market against restricted arrivals from producing belts attributed the rise in refined soya oil prices in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
