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Rising demand lifts refined soya oil futures

November 11, 2020 by admin 0 Comments

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Refined soya oil prices on Wednesday rose by Rs 14 to Rs 1,017.5 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 14, or 1.4 per cent, to Rs 1,017.5 per 10 kg in 14,590 lots.

Refined soya oil contracts for December delivery rose by Rs 14.5, or 1.45 per cent, to Rs 1,013.7 per 10 kg in 44,805 lots.

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

This article was originally published by Indiatimes.com. Read the original article here.