Refined soya oil futures up 2.35% on spot demand

Refined soya oil prices shot up by 2.35% to Rs 649.90 per 10 kg in range-bound trade in the futures market today amid a pick-up in spot demand.

At the Multi Commodity Exchange, refined soya oil for delivery in January shot up by Rs 14.90, or 2.35%, to Rs 649.90 per 10 kg in two lots.

Traders said fresh buying by traders following a pick-up in demand in the spot market mainly pushed up refined soya oil futures prices.