Refined soya oil prices drifted further down by 0.13 per cent to Rs 745 per 10 kg in futures trade today as speculators cut bets, taking negative cues from spot market on tepid demand.
Besides, adequate stocks position on increased supplies from growing regions, too weighed on prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July fell by Re 1, or 0.13 per cent, to Rs 745 per kg in a business turnover of 6,600 lots.
Similarly, the oil for delivery in August contracts shed 85 paise, or 0.11 per cent, to Rs 747.20 per kg in 54,710 lots.
Analysts said cutting down of positions by participants owing to slackened demand in the physical markets, kept refined soya oil prices down in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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