Refined soya oil up 0.7% as demand rises

In restricted buying activity, refined soya oil prices gained Rs 4.40 to Rs 636.05 per 10 kg in futures trade today on increased buying by traders following a rise in demand in the spot market.

At the Multi Commodity Exchange, refined soya oil for delivery in July gained Rs 4.40, or 0.7%, to Rs 636.05 per 10 kg, with a trade volume of a single lot.

Market analysts said increased buying by traders due to rise in spot market demand mainly helped refined soya oil prices to trade higher at futures trade.