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Muted trends drag down refined soya oil futures 0.25%

Press Trust of India  |  New Delhi 

Refined soya prices fell by 0.25 per cent to Rs 629.10 per 10 kg in futures trade today as traders cut down their positions amid easing demand in the spot markets against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June declined by Rs 1.60, or 0.25 per cent to Rs 629.10 per 10 kg with an open interest of 13,860 lots.



Similarly, the for delivery in July contracts traded lower by Rs 1.35, or 0.21 per cent to Rs 635.30 per 10 kg in 51,600 lots.

Analysts said offloading of positions by participants owing to 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Muted trends drag down refined soya oil futures 0.25%

Refined soya oil prices fell by 0.25 per cent to Rs 629.10 per 10 kg in futures trade today as traders cut down their positions amid easing demand in the spot markets against adequate stocks position. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June declined by Rs 1.60, or 0.25 per cent to Rs 629.10 per 10 kg with an open interest of 13,860 lots. Similarly, the oil for delivery in July contracts traded lower by Rs 1.35, or 0.21 per cent to Rs 635.30 per 10 kg in 51,600 lots. Analysts said offloading of positions by participants owing to fall in demand in the spot market against adequate stocks position on increased supplies from producing regions mainly weighed on refined soya oil prices at futures trade. Refined soya prices fell by 0.25 per cent to Rs 629.10 per 10 kg in futures trade today as traders cut down their positions amid easing demand in the spot markets against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June declined by Rs 1.60, or 0.25 per cent to Rs 629.10 per 10 kg with an open interest of 13,860 lots.

Similarly, the for delivery in July contracts traded lower by Rs 1.35, or 0.21 per cent to Rs 635.30 per 10 kg in 51,600 lots.

Analysts said offloading of positions by participants owing to 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
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Muted trends drag down refined soya oil futures 0.25%

Refined soya prices fell by 0.25 per cent to Rs 629.10 per 10 kg in futures trade today as traders cut down their positions amid easing demand in the spot markets against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya for delivery in June declined by Rs 1.60, or 0.25 per cent to Rs 629.10 per 10 kg with an open interest of 13,860 lots.

Similarly, the for delivery in July contracts traded lower by Rs 1.35, or 0.21 per cent to Rs 635.30 per 10 kg in 51,600 lots.

Analysts said offloading of positions by participants owing to 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22