Refined soya oil futures up on spot demand

In range-bound trading, refined oil prices rose by Rs 3.90 to Rs 638.85 per 10 kg in futures trading today as speculators enlarged their positions, driven by pick-up in spot demand. 

At the Multi Commodity Exchange, refined soya oil for June delivery rose by Rs 3.90, or 0.61% to Rs 638.85 per 10 kg, with a business turnover of two lots.

Analysts said a firming trend at the spot market on pick up in demand due to the ongoing marriage season mainly led to the rise in refined soya oil futures prices.