Refined soya oil prices advanced by 0.56 per cent to Rs 744.40 per 10 kg in futures trade Wednesday as speculators enlarged their positions on the back of rising demand.
At the National Commodity and Derivatives Exchange, refined soya oil for October went up by Rs 4.15, or 0.56 per cent, to Rs 744.40 per 10 kg with an open interest of 44,610 lots.
In a similar fashion, the oil for November was trading higher by Rs 4.10, or 0.55 per cent, to Rs 745 per 10 kg in 16,550 lots.
Analysts said expanding of positions by traders following strong demand at the spot market against restricted supplies from producing belts, kept refined soya oil prices higher in futures trade.
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