Amid pick up in spot demand and restricted arrivals from producing regions, refined soya oil prices traded a shade higher at Rs 697 per 10 kg in futures trade today as speculators created fresh position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June edged up by Rs 1.50, or 0.22 per cent to Rs 697 per 10 kg with an open interest of 1,53,150 lots.
Similarly, the oil for delivery in May traded up by Rs 1.10, or 0.15 per cent to Rs 719 per 10 kg in 58,710 lots.
Market analysts said fresh positions build-up by speculators triggered by rising demand in the spot market amid lower arrivals from producing regions, supported the upside in refined soya oil prices at futures trade.
