Amid sluggish demand at domestic spot market against adequate stocks position, refined soya oil prices edged down by 0.43 per cent to Rs 740.10 per 10 kg in futures trade today as speculators cut bets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August fell by Rs 3.20, or 0.43 per cent, to Rs 740.10 per 10 kg with an open interest of 53,800 lots.
Similarly, the oil for delivery in July contracts shed Rs 1.80, or 0.24 per cent, to Rs 741.85 per 10 kg in 15,010 lots.
Traders said offloading 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.
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