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Muted demand drags down refined soya oil futures by 0.88%

Press Trust of India  |  New Delhi 

Refined soya prices moved down by 0.88 per cent to Rs 650.85 per 10 kg in futures trading today as speculators reduced exposure amid fall in demand at the spot market against ample stocks.

At the National Commodity and Derivatives Exchange, refined soya for delivery in September fell by Rs 5.75, or 0.88 per cent to Rs 650.85 per 10 kg with an open interest of 55,590 lots.


Likewise, the for delivery in August contracts shed Rs 4.20, or 0.65 per cent to Rs 639.10 per 10 kg in 17,820 lots.

Analysts said offloading of positions by traders due to easing demand in the spot market against adequate stocks position 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: Fri, August 11 2017. 11:48 IST
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