Rising demand lifts refined soya oil futures

·1-min read

New Delhi, Apr 8 (PTI) Refined soya oil prices on Thursday rose by Rs 8.7 to Rs 1,315 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 8.7, or 0.87 per cent, to Rs 1,315 per 10 kg in 28,905 lots.

Refined soya oil contracts for May delivery rose by Rs 7.9, or 0.61 per cent, to Rs 1,300.1 per 10 kg in 28,120 lots.

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