Refined soya oil prices traded lower by Rs 2.40, or 0.50 per cent, to Rs 484.50 per 10 kg in futures trade today on reduced offtake following fall in demand at spot markets.
Adequate stocks positions and lower trend in global markets also influenced the refined soya prices at futures trade.
At the Multi Commodity Exchange counter, refined soya oil for October lost Rs 2.40, or 0.50 per cent, to Rs 484.50 per 10 kg, with an open interest of 160 lots.
Similarly, the oil for delivery in September edged down by Rs 2, or 0.42 per cent, to Rs 482.60 per 10 kg, with an open interest of 566 lots.
Market analysts said fall in demand at spot markets amid adequate supplies, kept pressure on the refined soya oil prices at futures market today.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app