Rising demand lifts refined soya oil futures

Refined soya oil prices on Friday rose by Rs 5.6 to Rs 800.8 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for May delivery moved up by Rs 5.6, or 0.7 per cent, to Rs 800.8 per 10 kg in 14,890 lots.

Refined soya oil contracts for June delivery rose by Rs 9, or 1.18 per cent, to Rs 773 per 10 kg in 19,880 lots. Analysts said widening of positions by traders mainly helped refined soya oil prices to trade higher in futures market.