Refined soya oil prices edged higher by 0.46 per cent to Rs 768 per 10 kg in futures trade Tuesday as speculators built fresh positions, driven by uptick in demand at the spot markets.
At the Multi Commodity Exchange, refined soya oil for November went up by Rs 3.55, or 0.46 per cent to Rs 768 per 10 kg with an open interest of 34,880 lots.
On similar lines, the oil for delivery in current month edged up by 70 paise, or 0.09 per cent to Rs 755.50 per 10 kg in 9,930 lots.
Analysts said fresh positions created by traders due to pick up in demand in the physical market against tight stocks position owing to fall in arrivals from growing regions, mainly led to rise in refined oil prices at futures trade.
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