Refined soya oil prices rose for the third day today gaining 0.83 per cent at Rs 591.20 per 10 kg in futures trading on the back of strong demand in spot markets amid restricted supplies from producing regions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month August moved up by Rs 4.85, or 0.83 per cent to Rs 591.20 per 10 kg with an open interest of 1,79,075 lots.
In a similar fashion, the oil for delivery in June gained Rs 3.55, or 0.59 per cent to Rs 601.10 per 10 kg in 56,635 lots.
Analysts said apart from a firm trend at spot markets on strong demand, restricted supplies from producing belts kept refined soya oil prices up at futures trade.
