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Refined soya oil futures slide 0.4 pc on adequate stocks

Press Trust of India  |  New Delhi 

Refined prices eased by 0.4 per cent to Rs 727.3 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 for January next year, declined by Rs 2.9, or 0.4 per cent, to Rs 727.3 per 10 kg with an open interest of 53,950 lots.

Likewise, the for February fell by Rs 5.45, or 0.75 per cent, to Rs 720 per 10 kg in 9,760 lots.

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

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

First Published: Wed, December 05 2018. 15:40 IST