Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Monday rose by Rs 2.3 to Rs 942 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 2.3, or 0.24 per cent, to Rs 942 per 10 kg in 10,370 lots.

Refined soya oil contracts for November delivery gained 60 paise, or 0.06 per cent, to Rs 934.5 per 10 kg in 37,170 lots.

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