Refined soya oil futures slide 0.12 pc on adequate stocks

Refined soya oil prices eased by 0.12 per cent to Rs 743.5 per 10 kg in futures trade Wednesday as speculators trimmed bets, triggered by adequate stocks at spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for January declined by 0.9 paise, or 0.12 per cent, to Rs 743.5 per 10 kg with an open interest of 34, 270 lots.

Likewise, the oil for February fell by Rs 1, or 0.14 per cent, to Rs 739 per 10 kg in 11,440 lots.

Market analysts said, cutting down of positions by participants due to decline in demand against ample stocks mainly influenced the prices.