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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for July traded lower by Rs 20.6, or 1.64 per cent, at Rs 1,239.2 per 10 kg in 38,550 lots.

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Refined soya oil prices on Monday fell Rs 18.6 to Rs 1,276 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in June declined by Rs 18.6 or 1.87 per cent, to Rs 1,276 per 10 kg in 10,660 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

Refined soya oil contracts for July traded lower by Rs 20.6, or 1.64 per cent, at Rs 1,239.2 per 10 kg in 38,550 lots.

(PTI)


Tags assigned to this article:
market analysts Refined soya oil prices spot market