Refined soya oil futures down on sluggish demand

In range bound trading, refined soya oil prices fell by Rs 2 to Rs 640.10 per 10 kg in futures trading today on sluggish demand in the spot market against adequate stocks.

At the Multi Commodity Exchange, refined soya oil for delivery in July fell by Rs 2, or 0.31% to Rs 640.10 per 10 kg, with an open interest of a single lot.

Traders said sluggish demand against adequate stocks position in the spot market led to the fall in refined soya oil futures prices.