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Refined soya oil dips by 0.12% on ample stocks

Press Trust of India  |  New Delhi 

Refined prices eased by 0.12 per cent to Rs 769.50 per 10 kg in futures trade today as speculators reduced exposure amid adequate stocks position on increased supplies.

At the National Commodity and Derivatives Exchange, refined for delivery in 90 paise, or 0.12 per cent to Rs 769.50 per 10 kg with an open interest of 43,840 lots.

Likewise, the for delivery in May was trading lower by 25 paise, or 0.03 per cent to Rs 757.85 per 10 kg in 22,920 lots.

Analysts said cutting down of positions by participants on the back of sufficient stocks position on increased arrivals from growing belts in the physical market against subdued demand, mainly weighed on refined prices at futures trade.

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

First Published: Tue, May 15 2018. 11:55 IST