Refined soya oil futures decline on low demand

Refined soya oil prices softened by Rs 1.1 to Rs 760.5 per 10 kg in futures trade on Thursday due to low demand in the spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in September shed Rs 1.1, or 0.14 per cent, to Rs 760.5 per 10 kg with an open interest of 6,120 lots.

Similarly, refined soya oil contracts for October delivery fell by Rs 2.45, or 0.32 per cent, to Rs 765.4 per 10 kg in 46,260 lots.