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Refined soya oil futures soften 0.59% on adequate stocks

Press Trust of India  |  New Delhi 

Refined prices eased by 0.59 per cent to Rs 769.90 per 10 kg in futures trade today as speculators reduced exposure amid ample stocks on increased supplies from producing regions at the spot market.

At the National Commodity and Derivatives Exchange, refined for delivery in May fell by Rs 4.60, or 0.59 per cent, to Rs 769.90 per 10 kg with an open interest of 56,450 lots.

In a similar fashion, the for delivery in April was trading lower by 4.20, or 0.55 per cent, to Rs 764.50 per 10 kg in 20,480 lots.

Analysts said cutting down of positions by participants following sluggish demand in the physical market against adequate stocks position on increased arrivals from producing belts weighed on refined futures.

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

First Published: Mon, April 16 2018. 11:20 IST