Rising demand lifts refined soya oil futures

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New Delhi, Feb 24 (PTI) Refined soya oil prices on Wednesday rose by Rs 6.4 to Rs 1,181 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 6.4, or 0.54 per cent, to Rs 1,181 per 10 kg in 43,535 lots.

Refined soya oil contracts for April delivery gained Rs 5.6, or 0.48 per cent, to Rs 1,170 per 10 kg in 14,340 lots.

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