Refined soya oil prices moved up by 0.32 per cent to Rs 710.30 per 10 kg in futures trade today as traders built up fresh positions following pick up in demand in at the domestic spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January went up by Rs 2.30, or 0.32 per cent, to Rs 710.30 per 10 kg with an open interest of 43,270 lots.
Similarly, the oil for delivery in February contracts edged up by Rs 1.95, or 0.28 per cent, to Rs 708 per 10 kg in 26,130 lots.
Analysts said, fresh positions created by participants following an upsurge in demand at the spot market against tight stock position due to fall in supplies from producing belts, mainly led to the rise in refined soya oil prices at futures trade.
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