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Refined soya oil prices fell by 1.37% to Rs 678.05 per kg in futures trading today as speculators reduced their holdings on the back of sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October slid by Rs 9.40, or 1.37% to Rs 678.05 per 10 kg in business turnover of 83,530 lots.
Similarly, the oil for delivery in September traded lower by Rs 6.20, or 0.88% to Rs 695.75 per 10 kg in 54,010 lots.
Analysts said speculators reduced their holdings due to sluggish demand in the spot market against adequate stocks position, mainly influenced refined soya oil prices at futures trade.
