Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Thursday rose by Rs 4.8 to Rs 910 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 4.8, or 0.53 per cent, to Rs 910 per 10 kg in 16,890 lots.

Refined soya oil contracts for November delivery rose by Rs 5.1, or 0.56 per cent, to Rs 913.8 per 10 kg in 34,495 lots.

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