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BW Businessworld

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 Monday fell Rs 4.5 to Rs 1,392 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 September declined by Rs 4.5 or 0.32 per cent, to Rs 1,392 per 10 kg in 33,325 lots.

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

(PTI)


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market analysts spot market