Refined soya oil prices fell by 0.75 per cent to Rs 726.20 per 10 kg in futures trade today as speculators cut their bets amid sluggish demand at domestic spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell by Rs 5.50, or 0.75 per cent, to Rs 726.20 per 10 kg with an open interest of 12,090 lots.
Likewise, the oil for September shed Rs 5.10, or 0.70 per cent, to Rs 728.50 per 10 kg in 42,600 lots.
Traders said off-loading of positions by traders as demand eased in the physical market against ample stocks position on increased supplies from producing regions, mainly weighed on refined soya oil prices at futures trade.
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