Refined soya oil futures fall 0.63% on low demand

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Press Trust of India New Delhi
Last Updated : Sep 01 2014 | 11:55 AM IST
Refined soya oil prices were down by 0.63 per cent to Rs 560.70 per 10 kg in futures trading today as speculators reduced positions, triggered by low demand in the spot market against adequate stocks positions.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 3.55, or 0.63 per cent, to Rs 560.70 per 10 kg with an open interest of 1,14,740 lots.
Similarly, the oil for delivery in September weakened by Rs 3.05, or 0.50 per cent, to Rs 607.60 per 10 kg in 47,200 lots.
Analysts said offloading of positions by speculators, driven by low demand in the spot market against adequate stocks position, weighed on refined soya oil prices at futures trade.
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First Published: Sep 01 2014 | 11:55 AM IST

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