Rising demand lifts refined soya oil futures

Refined soya oil prices on Thursday rose by Rs 4.2 to Rs 1,052 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for December delivery moved up by Rs 4.2, or 0.4 per cent, to Rs 1,052 per 10 kg in 23,720 lots.

Refined soya oil contracts for January delivery rose by Rs 2.8, or 0.27 per cent, to Rs 1,042 per 10 kg in 25,685 lots.


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