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Refined soya oil prices moved up by 1.15% to Rs 722.80 per 10 kg in futures trading today as speculators enlarged their positions driven by strong demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya for delivery in January moved up by Rs 8.25, or 1.15% to Rs 722.80 per 10 kg with an open interest of 94,250 lots.
In a similar fashion, the oil for delivery in December traded higher by Rs 8, or 1.12% to Rs 720.70 per 10 kg in 101510 lots.
Analysts attributed rise in refined soya prices at futures trade to firm demand in the spot markets driven by wedding season.
