Refined soya oil futures shed 0.26% on muted demand

Refined soya oil prices slipped 0.26 per cent to Rs 743.05 per 10 kg in futures market today as speculators reduced exposure on easing demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, the oil for delivery in January declined Rs 1.90, or 0.26 per cent, to Rs 743.05 per 10 kg with an open interest of 16,990 lots.
Likewise, the oil for delivery in February contracts shed 95 paise, or 0.13 per cent, to Rs 744.50 per 10 kg in 32,530 lots.
Analysts said cutting down of positions by speculators due to fall in demand in the physical market against ample stocks position influenced prices.