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Muted demand drags down refined soya oil futures by 0.25%

Press Trust of India  |  New Delhi 

Refined prices drifted lower by 0.25 per cent to Rs 752.80 per 10 kg in futures trading Tuesday as traders reduced exposure amid fall in demand at the physical market.

At the National Commodity and Derivatives Exchange, refined soya for delivery in December fell by Rs 1.90, or 0.25 per cent, to Rs 752.80 per 10 kg with an open interest of 43,030 lots.

The for delivery in January next year fell by a similar margin to trade at Rs 755 per 10 kg in 5,930 lots.

Market analysts said offloading of positions by participants on the back of easing demand in the physical market against sufficient stocks position pushed down refined prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 13:15 IST
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