Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Wednesday rose by Rs 19.7 to Rs 1,1800per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for March delivery moved up by Rs 19.7, or 0.84 per cent, to Rs 1,180 per 10 kg in 44,160 lots.

Refined soya oil contracts for April delivery rose by Rs 9.8, or 0.86 per cent, to Rs 1,154 per 10 kg in 11,815 lots.

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