Amid pick up in demand at the domestic spot market against restricted supplies from growing regions, refined soya oil prices went up by 0.51 per cent to Rs 743.20 per 10 kg in futures trade Monday as participants built up fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September rose by Rs 3.75, or 0.51 per cent, to Rs 743.20 per 10 kg with an open interest of 23,040 lots.
Similarly, the oil for delivery in October contracts gained Rs 3.65, or 0.49 per cent, to Rs 746.25 per 10 kg in 37,650 lots.
Analysts said building up of positions by traders after pick-up in demand in the physical market against restricted supplies from producing belts led to the rise in refined soya oil prices.
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