Rising demand lifts refined soya oil futures

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New Delhi, Mar 22 (PTI) Refined soya oil prices on Monday rose by Rs 9.7 to Rs 1,261 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 9.7, or 0.78 per cent, to Rs 1,261 per 10 kg in 53,780 lots.

Refined soya oil contracts for May delivery rose by Rs 14, or 1.13 per cent, to Rs 1,249 per 10 kg in 14,650 lots.

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