Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Monday rose by Rs 26.2 to Rs 1,227.6 per 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 26.2, or 2.18 per cent, to Rs 1,227.6 per 10 kg in 16,020 lots.

Refined soya oil contracts for April delivery rose by Rs 23, or 1.92 per cent, to Rs 1,223.6 per 10 kg in 41,830 lots.

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