Rising demand lifts refined soya oil futures

NEW DELHI: Refined soya oil prices on Friday rose by Rs 22.1 to Rs 1,277.6 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for July delivery moved up by Rs 22.1, or 1.76 per cent, to Rs 1,277.6 per 10 kg in 31,555 lots.

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