Refined soya oil prices moved down by 0.63 per cent to Rs 722.60 per 10 kg in futures trading today as speculators reduced holdings following subdued demand in the spot market.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April declined by Rs 4.55, or 0.63 per cent to Rs 722.60 per 10 kg with an open interest of 1,13,570 lots.
In a similar fashion, the oil for delivery in March shed Rs 2, or 0.27 per cent to Rs 728 per 10 kg in 11230 lots.
Analysts attributed the fall in refined soya oil futures to sluggish spot demand against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April declined by Rs 4.55, or 0.63 per cent to Rs 722.60 per 10 kg with an open interest of 1,13,570 lots.
In a similar fashion, the oil for delivery in March shed Rs 2, or 0.27 per cent to Rs 728 per 10 kg in 11230 lots.
Analysts attributed the fall in refined soya oil futures to sluggish spot demand against adequate stocks position.