 "Refined soya oil down 0.87% on low demand")
Refined soya oil prices were down 0.87 per cent to Rs 620.90 per 10 kg in futures trade today after participants reduced their exposure amid fall in demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month fell by Rs 5.45, or 0.87 per cent to Rs 620.90 per 10 kg with an open interest of 75,330 lots.
The October contract shed Rs 1.25, or 0.20 per cent to Rs 633.50 per 10 kg in 5,865 lots.
Market analysts said besides fall in demand in the spot market, adequate stocks position on higher supplies from growing regions mainly pulled down refined soya oil prices at futures trade.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month fell by Rs 5.45, or 0.87 per cent to Rs 620.90 per 10 kg with an open interest of 75,330 lots.
The October contract shed Rs 1.25, or 0.20 per cent to Rs 633.50 per 10 kg in 5,865 lots.
Market analysts said besides fall in demand in the spot market, adequate stocks position on higher supplies from growing regions mainly pulled down refined soya oil prices at futures trade.