Refined soya oil futures gain 0.68% on upsurge in demand

Refined soya oil prices moved up by 0.68 per cent to Rs 737.40 per 10 kg in futures trade as traders built up fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December month went up by Rs 4.95, or 0.68 per cent to Rs 737.40 per 10 kg with an open interest of 29,840 lots.
On similar lines, the oil for delivery in January was trading higher by Rs 4.75, or 0.65 per cent to Rs 738.40 per 10 kg in 57,280 lots.

Marketmen said fresh positions created by participants after demand picked up in the spot market against restricted supplies from producing regions mainly led to rise in refined soya oil prices at futures trade.