Amid easing demand at the domestic spot market against adequate stocks position, refined soya oil prices slipped by 0.22 per cent to Rs 730.50 per 10 kg in futures trade today as speculators cut bets.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October month fell by Rs 1.60, or 0.22 per cent, to Rs 730.50 per 10 kg with an open interest of 10,890 lots.
Likewise, the oil for delivery in September contracts shed Re 1, or 0.14 per cent, to Rs 733.40 per 10 kg in 44,650 lots.
Traders said offloading of positions by participants as demand faded in the physical market against ample stocks position on increased supplies from producing regions, mainly weighed on refined soya oil prices in futures trade.
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