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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil for delivery in June declined by Rs 3.8 or 0.27 per cent, to Rs 1,393.1 per 10 kg in 32,715 lots.

Photo Credit : PTI

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Refined soya oil prices on Friday fell Rs 3.8 to Rs 1,393.1 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 3.8 or 0.27 per cent, to Rs 1,393.1 per 10 kg in 32,715 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 3.5, or 0.25 per cent, at Rs 1,372 per 10 kg in 8,730 lots.

(PTI)


Tags assigned to this article:
Refined soya oil prices spot market oil demand