Refined soya oil futures gain marginally on spot demand

Refined soya oil prices on Tuesday rose 0.04 per cent to Rs 784.7 per 10 kg in futures trade as speculators created fresh positions.

On the National Commodity and Derivatives Exchange, refined soya oil contracts for November delivery went up by 35 paise, or 0.04 per cent, to Rs 784.7 per 10 kg with an open interest of 4,730 lots.

Analysts said fresh positions built up by traders against restricted arrivals from growing regions mainly led to rise in refined soya oil prices.