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Rising demand lifts refined soya oil futures

·1-min read

New Delhi, May 12 (PTI) Refined soya oil prices on Wednesday rose by Rs 9.2 to Rs 1,481 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for May delivery moved up by Rs 9.2, or 0.63 per cent, to Rs 1,481 per 10 kg in 20,435 lots.

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

Refined soya oil contracts for June delivery went up by Rs 12, or 0.84 per cent, to Rs 1,441.5 per 10 kg in 24,920 lots. PTI SRS SHW SHW