Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Thursday rose by 60 paise to Rs 966.2 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 60 paise, or 0.06 per cent, to Rs 966.2 per 10 kg in 33,510 lots.

Refined soya oil contracts for December delivery gained Rs 2, or 0.21 per cent, to Rs 963.5 per 10 kg in 25,830 lots.

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