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Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Wednesday rose by Rs 14.4 to Rs 1,062.5 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for February delivery moved up by Rs 14.4, or 1.37 per cent, to Rs 1,062.5 per 10 kg in 34,140 lots.

Refined soya oil contracts for March delivery gained Rs 11.1, or 1.06 per cent, to Rs 1,057.1 per 10 kg in 15,000 lots.

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

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