Rising demand lifts refined soya oil futures

Refined soya oil prices on Tuesday went up by 1.94 per cent to Rs 809.6 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 15.4, or 1.94 per cent, to Rs 809.6 per 10 kg in 32,655 lots.

Similarly, refined soya oil contracts for May delivery edged up by Rs 14.2, or 1.85 per cent, to Rs 780 per 10 kg in 15,640 lots.

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