Refined soya oil up 0.41 per cent on pick-up in demand

Refined soya oil prices rose 0.41 per cent to Rs 667.70 per 10 kg in futures trade today as speculators enlarged positions on pick-up in domestic demand and restricted arrivals from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July gained Rs 2.75, or 0.41 per cent, to Rs 667.70 per 10 kg with an open interest of 1,77,900 lots.
Likewise, the oil for delivery in June moved up by Rs 1.40, or 0.20 per cent, to Rs 688.65 per 10 kg in 56,220 lots.
Analysts said speculators enlarged positions on the back of a rise in demand in the spot market amid restricted arrivals from producing belts.