Amid easing demand at domestic spot markets against adequate stocks position, refined soya oil prices edged down by 0.29 per cent to Rs 740.50 10 kg in futures trade today as speculators cut bets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 2.15, or 0.29 per cent to Rs 740.50 per 10 kg with an open interest of 47,860 lots.
Likewise, the oil for delivery in October shed Rs 2.05, or 0.28 per cent to Rs 737.65 per 10 kg in 8990 lots.
Traders said off-loading of positions by traders as demand eased in the physical market against ample stocks position on increased supplies from producing regions put pressure on refined soya oil prices in futures trade.
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