Rising demand lifts refined soya oil futures

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New Delhi, Mar 31 (PTI) Refined soya oil prices on Wednesday rose by Rs 1.6 to Rs 1,251 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 1.6, or 0.13 per cent, to Rs 1,251 per 10 kg in 36,525 lots.

Refined soya oil contracts for May delivery rose by Rs 1.5, or 0.12 per cent, to Rs 1,234.4 per 10 kg in 17,110 lots.

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