Refined soya falls by 0.5% on sluggish demand

Speculators reduced their holdings amid sluggish demand in the spot market against adequate stocks position

Press Trust of India New Delhi
Last Updated : Aug 05 2013 | 1:02 PM IST
Refined soya oil prices fell 0.47% to Rs 661.40 per 10 kg in futures market today as speculators reduced their holdings amid sluggish demand in the spot market against adequate stocks position.
 
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August declined by Rs 3.10, or 0.47% to Rs 661.40 per 10 kg with an open interest of 46,310 lots.
 
Similarly, the oil for delivery in September traded lower by Rs 1.20, or 0.19% to Rs 642.25 per 10 kg in 46,920 lots.

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Analysts said offloading of positions by speculators amid sluggish demand in the spot market against adequate stocks position mainly kept pressure on refined soya oil at futures trade. 
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First Published: Aug 05 2013 | 1:01 PM IST

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