Rising demand lifts refined soya oil futures

New Delhi: Refined soya oil prices on Friday rose by 70 paise to Rs 930.6 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for November delivery traded higher by 70 paise, or 0.08 per cent, to Rs 930.6 per 10 kg in 36,430 lots.

Refined soya oil contracts for December delivery gained Rs 1.1, or 0.12 per cent, to Rs 933 per 10 kg in 9,085 lots.

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