Refined Soya Oil Futures Fall On Low Demand

Refined soya oil prices on Tuesday fell Rs 1.5 to Rs 1,301 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 March declined by Rs 1.5, or 0.12 per cent, to Rs 1,301 per 10 kg in 5,560 lots.

Refined soya oil contracts for April traded lower by Rs 1.3, or 0.1 per cent, at Rs 1,292.6 per 10 kg in 60,470 lots.

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

(Reuters)