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Refined soya oil futures slide 0.40 pc on low demand

Press Trust of India  |  New Delhi 

Refined soya prices moved down by 0.40 per cent to Rs 694 per 10 kg in futures trade today as speculators reduced exposure amid easing demand in the spot markets against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya for delivery in November fell by Rs 2.80, or 0.40 per cent, to Rs 694 per 10 kg with an open interest of 15,500 lots.

Similarly, the for delivery in December shed Rs 1.55, or 0.22 per cent to Rs 715.40 per 10 kg in 50,440 lots.

Market analysts said offloading of positions by participants owing to tepid demand in the physical market against ample stocks position on increased supplies from producing belts, mainly led to the decline in refined soya oil prices at the futures trade.

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

First Published: Mon, November 13 2017. 10:48 IST