Refined soya oil prices hardened by 0.32 per cent to Rs 737.40 per 10 kg in futures trade Monday as speculators created fresh positions after demand picked up at the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September edged up by Rs 2.35, or 0.32 per cent, to Rs 737.40 per 10 kg with an open interest of 16,770 lots.
In a similar fashion, the oil for delivery in October contracts was trading higher by Rs 1.95, or 0.27 per cent, to Rs 732.80 per 10 kg in 54,410 lots.
Analysts said fresh positions built up by traders following upsurge in demand in the spot market against restricted supplies from producing belts, mainly attributed the rise in refined soya oil prices.
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