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Muted demand drags down refined soya oil futures by 0.37%

Press Trust of India  |  New Delhi 

Refined soya 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 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 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.

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

First Published: Wed, August 09 2017. 18:13 IST