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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil for delivery in June declined by Rs 12.6, or 0.91 per cent, to Rs 1,390.7 per 10 kg in 33,635 lots.

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Refined soya oil prices on Thursday fell Rs 12.6 to Rs 1,390.7 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 12.6, or 0.91 per cent, to Rs 1,390.7 per 10 kg in 33,635 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 13.5, or 0.98 per cent, at Rs 1,370 per 10 kg in 8,335 lots. 

(PTI)


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Refined soya oil oil prices oil demand edible oils