Refined soya oil futures rise on spot demand

Refined soya oil prices rose by Rs 2.70 to Rs 666.80 per 10 kg in futures trade today as traders enlarged their positions, driven by a pick up in demand in the spot market.

At the Multi Commodity Exchange, September refined soya oil rose by Rs 2.70, or 0.41% to Rs 666.80 per 10 kg in a single lot.

Marketmen said pick up in demand in the spot market mainly helped refined soya oil futures prices to scale up.