Refined soya oil prices fell by Rs 8.70 to Rs 618 per 10 kg in futures trading today as speculators reduced positions amid sluggish demand in the spot market.
At the Multi Commodity Exchange, refined soya oil for delivery in July fell by Rs 8.70, or 1.39% to Rs 618 per 10 kg, with an open interest of a single lot.
Similarly, the oil for delivery in June declined by Rs 8.45, or 1.36% to Rs 613 per 10 kg, with a trade volume of just one lot.
Market analysts said off-loading of positions by speculators, driven by a weakening trend at the spot markets on sluggish demand, pulled down refined soya oil futures prices.