Rising demand lifts refined soya oil futures

Refined soya oil prices on Tuesday rose by Rs 2.3 to Rs 909 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 Rs 2.3, or 0.25 per cent, to Rs 909 per 10 kg in 6,955 lots.

Refined soya oil contracts for October delivery rose by Rs 4, or 0.44 per cent, to Rs 920.4 per 10 kg in 34,215 lots.

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