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Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Friday rose by Rs 16.4 to Rs 1,265.3 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for April delivery moved up by Rs 16.4, or 1.31 per cent, to Rs 1,265.3 per 10 kg in 45,300 lots.

Refined soya oil contracts for May delivery rose by Rs 15.3, or 1.24 per cent, to Rs 1,250 per 10 kg in 19,310 lots.

Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market. PTI