Refined soya oil prices moved up by 0.70 per cent to Rs 747.60 per 10 kg in futures market today as speculators created fresh bets, taking positive cues from spot market on upsurge in demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March rose by Rs 5.20, or 0.70 per cent, to Rs 747.60 per 10 kg with an open interest of 28,320 lots.
Likewise, the oil for delivery in February contracts edged up by Rs 3.05, or 0.41 per cent, to Rs 740.75 per 10 kg in 31,000 lots.
Analysts said fresh positions built up by traders after pick up in demand in the physical market against tight stocks position on fall in supplies from producing belts attributed the rise in refined soya oil futures.
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