Rising demand lifts refined soya oil futures
- Country:
- India
Refined soya oil prices on Thursday rose by Rs 8.1 to Rs 1,432 per 10 kg in futures trade as speculators raised their bets.
On the National Commodity and Derivatives Exchange, refined soya oil for May delivery moved up by Rs 8.1, or 0.57 per cent, to Rs 1,432 per 10 kg in 37,745 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 June delivery went up by Rs 12.5, or 0.9 per cent, to Rs 1,403 per 10 kg in 8,765 lots.
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