Rising demand lifts refined soya oil futures
Refined soya oil for January delivery moved up by Rs 9.4, or 0.8 per cent, to Rs 1,185 per 10 kg in 45,360 lots.
By PTI |
Agencies
Refined soya oil prices on Thursday rose by Rs 9.4 to Rs 1,185 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 9.4, or 0.8 per cent, to Rs 1,185 per 10 kg in 45,360 lots.
Refined soya oil contracts for February delivery rose by Rs 7.9, or 0.68 per cent, to Rs 1,170.2 per 10 kg in 25,190 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 January delivery moved up by Rs 9.4, or 0.8 per cent, to Rs 1,185 per 10 kg in 45,360 lots.
Refined soya oil contracts for February delivery rose by Rs 7.9, or 0.68 per cent, to Rs 1,170.2 per 10 kg in 25,190 lots.
Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market.
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