Refined soya oil prices declined by 0.68% to Rs 655.40 per 10 kg in futures trading today as speculators trimmed their positions,driven by a weak demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October moved down by Rs 4.50 or 0.68% to Rs 655.40 per 10 kg with an open interest of 64950 lots.
Similarly, the oil for delivery in September shed Rs 6, or 0.21% to Rs 671 per 10 kg in 34890 lots.
Analysts said speculators trimmed their positions, driven by a weak demand in the spot market against adequate position mainly led to decline in refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October moved down by Rs 4.50 or 0.68% to Rs 655.40 per 10 kg with an open interest of 64950 lots.
Similarly, the oil for delivery in September shed Rs 6, or 0.21% to Rs 671 per 10 kg in 34890 lots.
Analysts said speculators trimmed their positions, driven by a weak demand in the spot market against adequate position mainly led to decline in refined soya oil prices at futures trade.