Refined soya oil futures rises as demand picks up

Refined soya oil rose by Rs 2.25 to Rs 612.55 per 10 kg in futures trading today as speculators enlarged their positions on the back of increased spot market demand.

At the Multi Commodity Exchange, refined soya oil for delivery in May gained Rs 2.25, or 0.37% to Rs 612.55 per 10 kg with an open interest of one lot.

Market analysts said increased buying by speculators following rising demand in the spot market influenced refined soya oil futures prices.