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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for April delivery rose by Rs 17.1, or 1.45 per cent, to Rs 1,198 per 10 kg in 21,030 lots.

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Refined soya oil prices on Monday rose by Rs 12.6 to Rs 1,205 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 12.6, or 1.08 per cent, to Rs 1,205 per 10 kg in 38,455 lots.

Refined soya oil contracts for April delivery rose by Rs 17.1, or 1.45 per cent, to Rs 1,198 per 10 kg in 21,030 lots.

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

(PTI)


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Soya Oil futures trade oil prices