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Rising demand lifts refined soya oil futures

Refined soya oil prices on Thursday rose by 80 paise to Rs 878 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for September delivery gained 80 paise, or 0.09 per cent, to Rs 878 per 10 kg in 24,555 lots.

Refined soya oil contracts for October delivery traded higher by Rs 2.2, or 0.25 per cent, to Rs 886 per 10 kg in 15,915 lots.

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