Refined soya oil futures gain on spot demand

Refined soya oil prices on Thursday rose 0.15 per cent to Rs 789 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in November moved up by Rs 1.2, or 0.15 per cent, to Rs 789 per 10 kg in 13,380 lots.

Similarly, the oil for delivery in December contracts edged up by 60 paise, or 0.08 per cent, to Rs 792.6 per 10 kg in 30,090 lots. Analysts said widening of positions by traders helped refined soya oil prices to trade higher in futures market here.