Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Thursday rose by Rs 8.3 to Rs 912.4 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for October delivery gained Rs 8.3, or 0.99 per cent, to Rs 912.4 per 10 kg in 22,070 lots.

Refined soya oil contracts for November delivery traded higher by Rs 7, or 0.77 per cent, to Rs 912 per 10 kg in 20,850 lots.

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