Amid pick-up in domestic demand and restricted supplies from growing regions, refined soya oil prices went up by 0.94 per cent to Rs 728.55 per 10 kg in futures market today as traders built up fresh positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December rose Rs 6.95, or 0.94 per cent, to Rs 728.55 per 10 kg with an open interest of 15,530 lots.
Likewise, the oil for delivery in far-month January was trading higher by Rs 6.55, or 0.89 per cent to Rs 728 per 10 kg in 57,240 lots.
Analysts said, fresh positions created by participants due to pick-up in demand in the spot market against tight stocks position on fall in supplies from producing belts mainly led to the rise in refined soya oil prices at futures trade.
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