Rising demand lifts refined soya oil futures

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New Delhi, Nov 17 (PTI) Refined soya oil prices on Tuesday rose by Rs 8.7 to Rs 1,065 per 10 kg in futures trade as speculators raised their bets driven by firm spot demand.

On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 8.7, or 0.82 per cent, to Rs 1,065 per 10 kg in 8,570 lots.

Refined soya oil contracts for December delivery gained Rs 6.2, or 0.59 per cent, to Rs 1,059.6 per 10 kg in 53,055 lots.

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