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Refined soya oil prices went down by 1.22% to Rs 652.40 per 10 kg in futures trading today as speculators reduced their positions, driven by weak demand in the spot market against adequate position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October moved down by Rs 8.05, or 1.22 pc to Rs 652.40 per 10 kg in business turnover of 71,690 lots.
Similarly, the oil for delivery in September shed Rs 3.55, or 0.52% to Rs 681 per 10 kg in 44,510 lots.
Analysts said weak demand in the spot markets against adequate stocks mainly weighed on refined soya futures here.
