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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil for June delivery moved up by Rs 8.3, or 0.61 per cent, to Rs 1,373.9 per 10 kg in 31,155 lots.

Photo Credit : PTI

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Refined soya oil prices on Tuesday rose by Rs 8.3 to Rs 1,373.9 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for June delivery moved up by Rs 8.3, or 0.61 per cent, to Rs 1,373.9 per 10 kg in 31,155 lots.

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

Refined soya oil contracts for July delivery went up by Rs 8, or 0.6 per cent, to Rs 1,351.5 per 10 kg in 9,760 lots.

(PTI)


Tags assigned to this article:
Rising demand Refined soya oil prices futures market