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Refined soya oil futures shed 0.06 pc on profit booking

Press Trust of India  |  New Delhi 

Refined prices eased by 0.06 per cent to Rs 762.40 per 10 kg in futures trade today as speculators booked profits amid easing demand in the spot market.

Ample stocks position on increased arrivals from producing belts too weighed on prices.

At the National Commodity and Derivatives Exchange, refined for delivery in July was trading lower 45 paise, or 0.06 per cent to Rs 762.40 per 10 kg with an open interest of 37,270 lots.

Likewise, the for delivery in June contracts weakened by 40 paise, or 0.05 per cent to Rs 751.40 per 10 kg in 41,420 lots.

Analysts said besides profit-booking by participants, fall in demand in the physical market against sufficient stocks position on increased supplies from growing regions, mainly led to the slide in 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: Fri, June 08 2018. 12:05 IST