Refined soya oil prices were down by 0.62 per cent to Rs 568.40 per 10 kg in futures trading today as participanbts reduced position amid ample stocks on higher supplies from producing regions at spot market against subdued demand.
At National Commodity and Derivatives Exchange, refined soya oil for delivery in October month eased by Rs 3.55, or 0.62 per cent to Rs 568.40 per 10 kg with an open interest of 82,760 lots.
Similarly, the oil for delivery in August contracts eased by Rs 2.45, or 0.43 per cent to Rs 563.50 per 10 kg in 42,360 lots.
Analysts said offloading of positions by participants triggered by adequate stocks in the physical market on higher supplies from producing region against easing demand mainly kept pressure on refined soya oil prices in futures trade.
