Refined soya oil futures down on sluggish demand

In range bound trade, refined soya oil futures prices fell by Rs 1.90 to Rs 648.20 per 10 kg today due to sluggish demand in the spot market against adequate stocks.

At the Multi Commodity Exchange, refined soya oil for delivery in July fell by Rs 1.90, or 0.29%, to Rs 648.20 per 10 kg, with a business turnover of just one lot.

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