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Refined Soya Oil Futures Fall On Low Demand

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 3.6, or 0.38 per cent, to Rs 936 per 10 kg in 13,735 lots.

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Refined soya oil prices on Thursday fell by Rs 3.6 to Rs 936 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 October declined by Rs 3.6, or 0.38 per cent, to Rs 936 per 10 kg in 13,735 lots.

Likewise, refined soya oil contracts for November traded lower by Rs 7.4, or 0.78 per cent, at Rs 935.4 or per 10 kg in 36,500 lots. Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

(PTI)


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Soya Oil market analysts spot market