Rising demand lifts refined soya oil futures

Refined soya oil prices on Friday rose by Rs 3.7 to Rs 1,044 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 3.7, or 0.36 per cent, to Rs 1,044 per 10 kg in 9,525 lots.

Refined soya oil contracts for December delivery gained Rs 4.7, or 0.45 per cent, to Rs 1,040.1 per 10 kg in 51,580 lots.


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