Rising demand lifts refined soya oil futures

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Rising demand lifts refined soya oil futures
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Synopsis

On the National Commodity and Derivatives Exchange, refined soya oil for August delivery moved up by Rs 5.6, or 0.49 per cent, to Rs 1,427.5 per 10 kg in 29,375 lots.

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

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NEW DELHI: Refined soya oil prices on Friday rose by Rs 5.6 to Rs 1,427.5 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for August delivery moved up by Rs 5.6, or 0.49 per cent, to Rs 1,427.5 per 10 kg in 29,375 lots.

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

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