Refined soya oil prices fell by 0.37 per cent to Rs 640.50 per 10 kg in futures trading today as speculators reduced exposure amid easing demand in the spot market against ample stocks.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August declined by Rs 2.40, or 0.37 per cent, to Rs 640.50 per 10 kg, with an open interest of 23,590 lots.
Likewise, the oil for delivery in September shed Rs 1.25, or 0.19 per cent, to Rs 650.25 per 10 kg in 55,730 lots.
Analysts said offloading of positions by traders owing to slackened demand in the physical market against adequate stocks position mainly weighed on refined soya oil prices at futures trade.
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