Refined soya oil trade higher in futures trade

In range-bound trading, refined soya oil prices traded higher by Rs 3.50 to Rs 633 per 10 kg in futures trade today on firming trend at spot market.

At the Multi Commodity Exchange, refined soya oil for delivery in July traded higher by Rs 3.50, or 0.56%, to Rs 633 per 10 kg, with a business turnover of three lots.

Analysts said a firming trend in the spot market following rise in demand mainly helped refined soya oil prices to trade higher at futures trade.