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Rising demand lifts refined soya oil futures

Refined soya oil prices on Tuesday rose by 40 paise to Rs 869.2 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for September delivery moved up by 40 paise, or 0.05 per cent, to Rs 869.2 per 10 kg in 26,185 lots.

Refined soya oil contracts for October delivery rose by Rs 1.5, or 0.17 per cent, to Rs 876.5 per 10 kg in 12,550 lots.

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