Refined soya oil futures gain on spot demand

Refined soya oil prices on Monday gained 1.18 per cent to Rs 752 per 10 kg in futures trade after speculators widened their holdings in line with positive spot demand. On the National Commodity and Derivatives Exchange, refined soya oil for March delivery moved up by Rs 8.8, or 1.18 per cent, to Rs 752 per 10 kg in 18,010 lots.

Similarly, refined soya oil for April delivery edged up by Rs 1.8, or 0.25 per cent, to Rs 718.2 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 here..