Refined Soya Oil Futures Fall On Low Demand

Refined soya oil prices on Wednesday fell Rs 13.6 to Rs 1,102.7 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 13.6, or 1.22 per cent, to Rs 1,102.7 per 10 kg in 37,190 lots.

Refined soya oil contracts for March traded lower by Rs 11.4, or 1.03 per cent, at Rs 1,100 per 10 kg in 22,230 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices. 

(PTI)