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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for June traded lower by Rs 9, or 0.66 per cent at Rs 1,350.9 per 10 kg in 9,385 lots.

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Refined soya oil prices on Monday fell Rs 8.5 to Rs 1,386.5 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 May declined by Rs 8.5, or 0.52 per cent, to Rs 1,386.5 per 10 kg in 33,830 lots.

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

Refined soya oil contracts for June traded lower by Rs 9, or 0.66 per cent at Rs 1,350.9 per 10 kg in 9,385 lots.

(PTI)


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market analysts oil prices spot market