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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil for the June delivery moved up by Rs 10.10, or 0.72 per cent, to Rs 1,390.5 per 10 kg in 29,070 lots.

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Refined soya oil prices on Friday rose Rs 10.10 to Rs 1,390.5 per 10 kg in the futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for the June delivery moved up by Rs 10.10, or 0.72 per cent, to Rs 1,390.5 per 10 kg in 29,070 lots.

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

(PTI)


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soyabean oil demand oil prices crude oil