Low demand drags down refined soya oil futures by 0.15 pc

Image
Press Trust of India New Delhi
Last Updated : Jun 09 2016 | 4:28 PM IST
Refined soya oil prices softened by 0.15 per cent to Rs 646.50 per 10 kg in futures market today as traders reduced their exposures amid sluggish demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June traded lower by 95 paise or 0.15 per cent to Rs 646.50 per 10 kg with an open interest of 38,750 lots.
Likewise, the oil for delivery in far-month July contracts shed 80 paise or 0.12 per cent to Rs 661.50 per 10 kg in 10,6270 lots.
Marketmen said offloading of positions by participants due to weak demand in the spot market against ample stocks on higher supplies from producing belts, mainly influenced refined soya oil prices at futures trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 09 2016 | 4:28 PM IST

Next Story