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Rising demand lifts refined soya oil futures

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Refined soya oil costs on Monday rose by Rs 21.5, to Rs 1,220.9 per 10 kg in futures commerce as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for January supply moved up by Rs 21.5, or 1.83 per cent, to Rs 1,220.9 per 10 kg in 45,825 tons.

Refined soya oil contracts for February supply rose by Rs 27.6, or 2.33 per cent, to Rs 1,213 per 10 kg in 28,110 tons.

Analysts mentioned widening of positions by merchants primarily helped refined soya oil costs to commerce greater in futures market.

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