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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for February delivery gained Rs 11.1, or 0.92 per cent, to Rs 1,213.5 per 10 kg in 32,830 lots.

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Refined soya oil prices on Wednesday rose by Rs 10.8 to Rs 1,218.5 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 10.8, or 0.89 per cent, to Rs 1,218.5 per 10 kg in 38,640 lots.

Refined soya oil contracts for February delivery gained Rs 11.1, or 0.92 per cent, to Rs 1,213.5 per 10 kg in 32,830 lots.

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

(PTI)


Tags assigned to this article:
Soya Oil futures market