Rising demand lifts refined soya oil futures
Refined soya oil for January delivery moved up by Rs 5.6, or 0.48 per cent, to Rs 1,175 per 10 kg in 22,845 lots.
By PTI |
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Refined soya oil prices on Tuesday rose by Rs 5.6 to Rs 1,175 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 5.6, or 0.48 per cent, to Rs 1,175 per 10 kg in 22,845 lots.
Refined soya oil contracts for February delivery gained Rs 5.7, or 0.49 per cent, to Rs 1,164 per 10 kg in 35,565 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 5.6, or 0.48 per cent, to Rs 1,175 per 10 kg in 22,845 lots.
Refined soya oil contracts for February delivery gained Rs 5.7, or 0.49 per cent, to Rs 1,164 per 10 kg in 35,565 lots.
Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market.
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