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Refined soya futures down on sluggish demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Refined soya oil prices fell by Rs 3.75 to Rs 624 per 10 kg in futures trade today owing to slackness in demand against adequate stocks position.   

At the Multi Commodity Exchange, refined soya oil for delivery in June fell by Rs 3.75, or 0.59% to Rs 624 per 10 kg, with a business volume of five lots.  

Similarly, the oil for delivery in May declined by 0.95 paise, or 0.15% to Rs 618.70 per 10 kg, with an open interest of two lots. 

Market analysts said adequate stocks position in the spot market against subdued demand led to the decline in refined soya oil futures prices.

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First Published: May 04 2011 | 1:28 PM IST

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