Refined soya trades higher on pick-up in demand

Refined soya oil futures moved up by Rs 3.70 to Rs 651.60 per 10 kg today on pick up in demand in spot markets.

At the Multi Commodity Exchange, the February contract rose by Rs 3.70, or 0.57 per cent, to Rs 651.60 per 10 kg.

The refined oil contract for delivery in March traded higher by Rs 1.45, or 0.22 per cent to Rs 658.10 per 10 kg.

Marketmen said pick up in demand in spot markets following ongoing marriage season helped refined soya oil futures trade higher.