Refined soya oil futures rise on positive cues

Refined soya oil prices on Wednesday rose 0.51 percent to Rs 938 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 4.8, or 0.51 percent, to Rs 938 per 10 kg in 37,740 lots.

Similarly, refined soya oil contracts for February delivery edged up by Rs 6, or 0.64 percent, to Rs 936.4 per 10 kg in 53,460 lots. Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market here.