Refined soya oil futures gain 2.21 pc on strong demand

New Delhi, Mar 18 () Refined soya oil prices on Wednesday rose 2.21 per cent to Rs 766.8 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for March delivery moved up by Rs 16.6, or 2.21 per cent, to Rs 766.8 per 10 kg in 17,615 lots.

Similarly, refined soya oil contracts for April delivery edged up by Rs 5, or 0.70 per cent, to Rs 721 per 10 kg in 42,390 lots.

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