Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Wednesday rose by Rs 10.4 to Rs 959.6 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 10.4, or 1.1 per cent, to Rs 959.6 per 10 kg in 42,775 lots.

Refined soya oil contracts for December delivery rose by Rs 11.3, or 1.19 per cent, to Rs 957.5 per 10 kg in 12,690 lots.

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