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Refined soya oil futures maintain downtrend on low demand

Press Trust of India  |  New Delhi 

Refined prices further fell 0.50 per cent to Rs 761 per 10 kg in futures market today as speculators engaged in trimming positions, driven by easing demand in the spot market.

Besides, adequate ample stocks on increased supplies from producing regions, fuelled the downtrend.

At the National Commodity and Derivatives Exchange, refined for delivery in April declined by Rs 3.80, or 0.50 per cent, to Rs 761 per 10 kg with an open interest of 18,450 lots.

Similarly, the for delivery in May moved down by Rs 3.65, or 0.47 per cent, to Rs 765.80 per 10 kg in 58,800 lots.

Analysts said, offloading of positions by participants amid a fall in demand in the physical market against adequate stocks position on increased arrivals from producing belts, kept pressure on refined prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 11:40 IST