 "Refined soya oil down 0.87% on low demand")
Refined soya oil prices were down 0.87 per cent to Rs 620.90 per 10 kg in futures trade today after participants reduced their exposure amid fall in demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month fell by Rs 5.45, or 0.87 per cent to Rs 620.90 per 10 kg with an open interest of 75,330 lots.
The October contract shed Rs 1.25, or 0.20 per cent to Rs 633.50 per 10 kg in 5,865 lots.
Market analysts said besides fall in demand in the spot market, adequate stocks position on higher supplies from growing regions mainly pulled down refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month fell by Rs 5.45, or 0.87 per cent to Rs 620.90 per 10 kg with an open interest of 75,330 lots.
The October contract shed Rs 1.25, or 0.20 per cent to Rs 633.50 per 10 kg in 5,865 lots.
Market analysts said besides fall in demand in the spot market, adequate stocks position on higher supplies from growing regions mainly pulled down refined soya oil prices at futures trade.
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 →*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
SAVE 25%