Business Standard

Refined soya oil futures slide on profit booking


Press Trust of India New Delhi
Refined soya oil prices softened by 0.10 per cent to Rs 748 per 10 kg in futures trade Thursday as speculators booked profits, driven by easing demand at domestic spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November shed 75 paise, or 0.10 per cent, to Rs 748 per 10 kg with an open interest of 18,390 lots.
Likewise, the oil for delivery in October weakened by 20 paise, or 0.03 per cent to Rs 746.20 per 10 kg in 35,440 lots.
Analysts said besides profit booking by traders, fall in demand in the physical markets against ample stocks position on increased supplies from producing regions, helped refined soya oil prices to trade lower in futures trade.

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First Published: Sep 27 2018 | 11:50 AM IST

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