Refined soya oil prices softened by 0.22 per cent to Rs 782 per 10 kg in futures market today as speculators cut exposure, taking negative cues from the spot market on fall in demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April fell by Rs 1.75, or 0.22 per cent, to Rs 782 per 10 kg with an open interest of 53,620 lots.
On similar lines, the oil for delivery in May contracts shed Rs 1.65, or 0.21 per cent, to Rs 789 per 10 kg in 33,410 lots.
Analysts said offloading of positions by participants due to subdued demand in the physical market against ample stocks position on increased arrivals from producing belts led to the decline in refined soya oil futures.
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