Refined soya oil down 0.3% on low spot demand

Oil for delivery in August contracts down 0.04%

Refined soya oil prices eased 0.26 per cent to Rs 600.90 per 10 kg in futures trade today as speculators trimmed positions due to subdued demand in spot market against adequate stocks.

At National Commodity and Derivatives Exchange, refined soya oil for delivery in June declined Rs 1.55, or 0.26 per cent, to Rs 600.90 per 10 kg with an open interest of 1,00,250 lots.

Likewise, the oil for delivery in August contracts fell 25 paise, or 0.04 per cent, to Rs 593.40 per 10 kg in 1,58,265 lots.

Market analysts said off-loading of positions by speculators amid fall in demand in spot market against adequate stock position mainly influenced refined soya oil prices at futures trade.