Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Tuesday rose by Rs 2.1 to Rs 902 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for October delivery moved up by Rs 2.1, or 0.23 per cent, to Rs 902 per 10 kg in 19,390 lots.

Refined soya oil contracts for November delivery traded higher by Rs 4.9, or 0.54 per cent, to Rs 905.1 per 10 kg in 26,830 lots.

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