Rising demand lifts refined soya oil futures

Refined soya oil prices on Thursday rose by Rs 4.3 to Rs 1,078 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 Rs 4.3, or 0.4 per cent, to Rs 1,078 per 10 kg in 4,315 lots.

Refined soya oil contracts for December delivery rose by Rs 5, or 0.47 per cent, to Rs 1,080 per 10 kg in 53,565 lots.

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