Refined soya oil up on fresh demand

Refined soya oil futures rose by Rs 2.60 to Rs 661.80 per 10 kg in restricted trading activity today as traders created fresh positions amid a pick-up in spot demand.

At the Multi Commodity Exchange, the September contractrose by Rs 2.60, or 0.39%, to Rs 661.80 per 10 kg, with open interest for a single lot.

Market analysts said fresh buying by traders influenced by a pick-up in demand due to the ongoing festive season mainly led to the rise in refined soya oil futures prices.