Refined soya oil prices drifted down by 0.75 per cent to Rs 783 per 10 kg in futures trade today as speculators reduced exposure, taking negative cues from spot market on subdued demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April fell by Rs 5.90, or 0.75 per cent, to Rs 783 per 10 kg with an open interest of 66,540 lots.
Similarly, the oil for delivery in March contract was trading lower by Rs 2.50, or 0.32 per cent, to Rs 767.50 per 10 kg in 8,350 lots.
Analysts said offloading of positions by participants owing to slackened demand in the physical market against ample stocks position on increased arrivals from producing belts led to the decline in refined soya oil futures.
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