Amid sluggish demand at domestic spot market against adequate stocks position, refined soya oil prices edged down by 0.43 per cent to Rs 740.10 per 10 kg in futures trade today as speculators cut bets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August fell by Rs 3.20, or 0.43 per cent, to Rs 740.10 per 10 kg with an open interest of 53,800 lots.
Similarly, the oil for delivery in July contracts shed Rs 1.80, or 0.24 per cent, to Rs 741.85 per 10 kg in 15,010 lots.
Traders said offloading of positions by traders as demand eased in the physical market against ample stocks position on increased supplies from producing regions put pressure on refined soya oil prices in futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
