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Refined soya oil futures soften 0.41 pc on sluggish demand

Press Trust of India  |  New Delhi 

Refined soya prices moved down by 0.41 per cent to Rs 636 per 10 kg in futures trading today as speculators reduced their exposure amid subdued demand in the spot market against ample stocks position.

At the National Commodity and Derivatives Exchange, refined soya for delivery in August month fell by Rs 2.60, or 0.41 per cent to Rs 636 per 10 kg with an open interest of 33,390 lots.


Likewise, the for delivery in September month contracts shed Rs 2.35, or 0.36 per cent to Rs 642.65 per 10 kg in 48,790 lots.

Analysts said cutting down of positions by traders on the back of easing demand in the spot market against adequate stocks position mainly weighed on refined soya prices in futures trade.

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

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