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Fall in demand drags down refined soya oil futures 0.56 pc

Press Trust of India  |  New Delhi 

Refined soya prices fell by 0.56 per cent to Rs 643.40 per 10 kg in futures market today as traders reduced bets, driven by muted demand at the spot markets against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya for August delivery eased by Rs 3.60, or 0.56 per cent, to Rs 643.40 per 10 kg with an open interest of 53,960 lots.


Likewise, the for delivery in July lost Rs 3.55, or 0.55 per cent, to Rs 640 per 10 kg in 16,590 lots.

Analysts said cutting down of positions by traders following fall in demand in the spot market against adequate stocks position on increased supplies from producing regions mainly weighed on refined soya prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 11:42 IST
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