Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Wednesday rose by Rs 20.7 to Rs 1,299.8 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for June delivery moved up by Rs 20.7, or 1.62 per cent, to Rs 1,299.8 per 10 kg in 8,820 lots.

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

Refined soya oil contracts for July delivery went up by Rs 15.4, or 1.24 per cent, to Rs 1,256 per 10 kg in 35,340 lots.PTI