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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for August delivery rose by Rs 7.1, or 0.9 per cent, to Rs 799 per 10 kg in 16,435 lots.

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Refined soya oil prices on Wednesday rose by Rs 6.9 to Rs 806 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for July delivery moved up by Rs 6.9, or 0.86 per cent, to Rs 806 per 10 kg in 23,465 lots.

Refined soya oil contracts for August delivery rose by Rs 7.1, or 0.9 per cent, to Rs 799 per 10 kg in 16,435 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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Refined soya oil futures trade traders