Refined soya oil futures extend slide on adequate stocks

Image
Press Trust of India New Delhi
Last Updated : Dec 22 2016 | 11:42 AM IST
Falling for the second straight day, refined soya oil prices fell further by 0.65 per cent to Rs 714.40 per 10 kg in futures trade today as participants engaged in reducing their positions, triggered by ample stocks at spot market against subdued demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 4.65, or 0.65 per cent, to Rs 714.40 per 10 kg, with an open interest of 25,240 lots.
On similar lines, the oil for delivery in January traded lower by Rs 3.05, or 0.42 per cent, to Rs 716.40 per 10 kg in 53,600 lots.
Analysts said reducing of their positions amid sufficient stocks position in the physical market against sluggish demand, mainly kept pressure on refined soya oil prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Dec 22 2016 | 11:42 AM IST

Next Story