Refined soya oil up 0.3% on spot demand

Oil for delivery in January traded higher by 0.25%

Refined soya oil prices gained 0.34% to Rs 685.55 per 10 kg in futures trading today after speculators created fresh positions, supported by a rise in demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in delivery in February rose by Rs 2.35, or 0.34% to Rs 685.55 per 10 kg with an open interest of 1,07,020 lots.

Likewise, the oil for delivery in January traded higher by Rs 1.75, or 0.25% to Rs 694.70 per 10 kg in 57,130 lots.

Analysts said speculators created fresh positions supported by a rise in demand in the spot markets helped refined soya oil prices to trade higher at futures trade.