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Rising demand lifts refined soya oil futures

Refined soya oil prices on Tuesday rose by 10 paise to Rs 849.3 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for August delivery moved up by 10 paise, or 0.01 per cent, to Rs 849.3 per 10 kg in 24,630 lots.

Refined soya oil contracts for September delivery gained Rs 1.4, or 0.16 per cent, to Rs 854 per 10 kg in 9,630 lots.

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