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Refined Soya Oil Futures Fall On Low Demand

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

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Refined soya oil prices on Wednesday fell Rs 2.5 to Rs 1,055.5 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 November declined by Rs 2.5, or 0.24 per cent, to Rs 1,055.5 per 10 kg in 7,615 lots.

Likewise, Refined soya oil contracts for December traded lower by Rs 3, or 0.29 per cent, at Rs 1,045.7 per 10 kg in 52,465 lots.

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

(PTI)


Tags assigned to this article:
Soya Oil Low Demand oil prices