Refined soya oil prices went down by 0.42 per cent to Rs 579.35 per 10 kg in futures trade today as speculators reduced position amid sluggish demand in the spot market against ample stocks.
At National Commodity and Derivatives Exchange, refined soya oil for delivery in August month fell by Rs 2.45, or 0.42 per cent to Rs 579.35 per 10 kg with an open interest of 2,43,210 lots.
Also, the oil for delivery in October contracts shed Rs 1.20, or 0.21 per cent to Rs 570.55 per 10 kg in 42,160 lots.
Market analysts said offloading of positions by participants on the back of subdued demand in the spot market against adequate stocks position mainly influenced refined soya oil prices in futures trade.
