Refined soya oil futures strengthen on fresh bets

Refined soya oil prices on Friday rose 0.41 per cent to Rs 887.6 per 10 kg in futures trade as speculators raised their bets.

On the National Commodity and Derivatives Exchange, refined soya oil for December delivery moved up by Rs 3.6, or 0.41 per cent, to Rs 887.6 per 10 kg in 4,445 lots.

Similarly, refined soya oil contracts for January delivery edged up by Rs 3.6, or 0.40 per cent, to Rs 909.2 per 10 kg in 57,385 lots.

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