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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for February delivery gained Rs 9.3, or 0.79 per cent, to Rs 1,184.1 per 10 kg in 25,260 lots.

Photo Credit : Bloomberg

1496820361_VNxFP3_Edible-Oil_Bloomberg.jpg

Refined soya oil prices on Friday rose by Rs 8.5 to Rs 1,198.6 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 8.5, or 0.74 per cent, to Rs 1,198.6 per 10 kg in 45,950 lots.

Refined soya oil contracts for February delivery gained Rs 9.3, or 0.79 per cent, to Rs 1,184.1 per 10 kg in 25,260 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 oil