Refined soya oil prices moved down by 0.43 per cent to Rs 784.05 per 10 kg in futures market today as speculators reduced bets, amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May drifted down by Rs 3.40, or 0.43 per cent to Rs 784.05 per 10 kg with an open interest of 30,360 lots.
Similarly, the oil for delivery in April contracts declined by Rs 3.15, or 0.40 per cent, to Rs 777 per 10 kg in 61,410 lots.
Analysts said offloading of positions by participants following fall in demand in the physical market against sufficient stocks position on increased arrivals from producing belts, weighed on refined soya oil prices at futures trade.
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