Rising demand lifts refined soya oil futures

New Delhi, Refined soya oil prices on Wednesday rose by 60 paise to Rs 899.1 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for October delivery moved up by 60 paise, or 0.07 per cent, to Rs 899.1 per 10 kg in 22,100 lots.

Refined soya oil contracts for November delivery gained Re 1, or 0.11 per cent, to Rs 900.2 per 10 kg in 18,025 lots.

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