Rising demand lifts refined soya oil futures
Refined soya oil for December delivery moved up by Rs 4, or 0.37 per cent, to Rs 1,095.5 per 10 kg in 6,030 lots.
By PTI |
Agencies
Refined soya oil prices on Friday rose by Rs 4 to Rs 1,095.5 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, or 0.37 per cent, to Rs 1,095.5 per 10 kg in 6,030 lots.
Refined soya oil contracts for January delivery rose by Rs 12.2, or 1.11 per cent, to Rs 1,114.5 per 10 kg in 52,590 lots.
Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market.
On the National Commodity and Derivatives Exchange, refined soya oil for December delivery moved up by Rs 4, or 0.37 per cent, to Rs 1,095.5 per 10 kg in 6,030 lots.
Refined soya oil contracts for January delivery rose by Rs 12.2, or 1.11 per cent, to Rs 1,114.5 per 10 kg in 52,590 lots.
Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market.
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