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Refined soya oil futures slide 0.39 pc on weak spot cues

Press Trust of India  |  New Delhi 

Refined prices slipped 0.39 per cent to Rs 758.70 per 10 kg in futures trading today as speculators reduced their exposure, taking negative cues from the spot market on subdued demand.

At the National Commodity and Derivatives Exchange, refined for delivery in May month declined by Rs 3, or 0.39 per cent to Rs 758.70 per 10 kg with an open interest of 24,670 lots.

On similar lines, the for delivery in far-month June contract was trading lower by Rs 2.50, or 0.32 per cent to Rs 768 per 10 kg in 41,050 lots.

Analysts said cutting down of positions by participants owing to slackened demand in the physical markets against adequate stocks position on increased arrivals from producing belts mainly influenced refined prices in futures trade.

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

First Published: Mon, May 14 2018. 11:15 IST