Rising demand lifts refined soya oil futures

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New Delhi, Feb 2 (PTI) Refined soya oil prices on Tuesday rose by Rs 16.4 to Rs 1,120 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 16.4, or 1.49 per cent, to Rs 1,120 per 10 kg in 38,350 lots.

Refined soya oil contracts for March delivery gained Rs 17.6, or 1.6 per cent, to Rs 1,116.5 per 10 kg in 22,380 lots.

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