Refined soya oil prices fell further by 0.24 per cent to Rs 778.30 per 10 kg in futures trade today as speculators reduced their holdings, tracking a weak trend at spot market on sluggish demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in June fell by Rs 1.85, or 0.24 per cent, to Rs 778.30 per 10 kg with an open interest of 21,430 lots.
Similarly, the oil for delivery in May contracts moved down by Rs 1.50, or 0.19 per cent, to Rs 771.25 per 10 kg in 55,210 lots.
Analysts said offloading of positions by participants, tracking a weak trend at spot market on subdued demand against adequate stocks position on increased arrivals from producing belts kept refined soya oil prices down in futures trade.
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