Refined soya oil futures slip on subdued demand

In restricted trading, refined soya oil prices declined by Rs 2.95 to Rs 617 per 10 kg in futures trade today due to subdued demand in the spot market against adequate stocks.

At the Multi Commodity Exchange, refined soya oil for March delivery contract declined by Rs 2.95, or 0.49 per cent, to Rs 617 per 10 kg, with a business turnover of two lots.

Market analysts said subdued demand in the spot market against adequate stocks mainly pushed the refined soya oil futures prices down.