Rising demand lifts refined soya oil futures

New Delhi,  Refined soya oil prices on Friday rose by Rs 12.8 to Rs 906.8 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 Rs 12.8, or 1.43 per cent, to Rs 906.8 per 10 kg in 27,415 lots.

Refined soya oil contracts for November delivery rose by Rs 13.1, or 1.47 per cent, to Rs 904 per 10 kg in 16,220 lots.

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