Refined soya oil prices advanced by 0.56 per cent to Rs 759 per 10 kg in futures trade Monday as participants increased their holdings on the back of rising demand in the spot market.
In futures trading at the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month contracts rose by Rs 4.20, or 0.56 per cent to Rs 759 per 10 kg with an open interest of 34,970 lots.
Similarly, delivery in October edged up by Rs 2.60, or 0.35 per cent to Rs 752.50 per 10 kg in 14,860 lots.
Analysts said, increasing bets by traders following surging demand in the physical market against restricted supplies from growing regions mainly kept refined soya oil prices higher in futures trade.
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