Muted demand drags down refined soya oil futures by 0.57%
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month April fell by Rs 3.75, or 0.57 per cent, to Rs 648.80 per 10 kg with an open interest of 26,430 lots.
Similarly, the oil for delivery in March contracts was trading lower by Rs 3.30, or 0.50 per cent, to Rs 656.10 per 10 kg in 59,820 lots.
Analysts said offloading of positions by traders owing to slackened demand in the spot market against adequate stocks on increased supplies from growing regions, mainly weighed on refined soya oil prices at futures trade.
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