Refined soya oil futures shed 0.29 pc on low demand

Refined soya oil prices eased by 0.29 per cent to Rs 656.10 per 10 kg in futures trade today as speculators reduced exposure amid muted demand in the spot markets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 1.90, or 0.29 per cent, to Rs 656.10 per 10 kg with an open interest of 32,630 lots.
Likewise, the oil for delivery in October shed 45 paise, or 0.07 per cent, to Rs 663.60 per 10 kg in 40,790 lots.
Market analysts said trimming of positions by traders owing to slackened demand in the spot market against sufficient stocks position weighed on refined soya oil prices at futures trade.